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Any act that endangers national security will be seriously punished without regard for external opinions, it said, adding that US attempts to block the law's implementation will never succeed.

Another hiccup is the language, because Chinese movies need English subtitles in the Western market, which can limit the promotion and distribution of films. "And most of the Western audiences here only know a few Chinese filmmakers, such as Zhang Yimo, Feng Xiaogang, Jackie Chan," Massey added.

Another leading developer China Vanke Co Ltd saw its net profit grow 29.8 percent in the first half of this year, but it is trying to maintain steady development. In the same period, it acquired 54 new projects with a total planned gross floor area of 13.728 million square meters, down by 33 percent.

Ant Financial Services Group, the payment affiliate of Chinese e-commerce giant Alibaba, is close to closing a .5 billion debt financing round, US cable business channel CNBC reported.

Another key topic is whether the government will raise the budget deficit rate. A broad consensus has been achieved among officials and scholars before the high-level economic meeting that the government deficit-to-GDP ratio could be lifted to 3 percent, up from 2.8 percent in 2019, allowing the government to spend more on infrastructure construction projects.