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Around 976 companies' net profit growth rate surpassed 30 percent, and about 384 companies' net profits increased more than 100 percent in 2018, statistics from financial data analyzer Wind showed.

Around the theme of "live green, live better," more than 2,500 cultural activities including a grand opening ceremony will be held during the expo, which is slated to open on April 29 in the district of Yanqing on the northern outskirts of Beijing.

As China's economy has grown in the past 38 years, so, too, have the spending habits of urban residents. In tandem with the rapid uptick in economic fortunes of the country, people have gradually increased spending on things like education, entertainment, travel and culture.

As China's culture ministry and the national tourism administration have been merged, incorporation of cultural resources into tourism and many other sectors can be expected, He Xuebin, a deputy of the 13th National People's Congress, told chinadaily.com.cn on March 23 in Beijing.

As Chinese companies extend their reach abroad after achieving success at home, effective branding is shifting from a "nice to have" to a "business necessity" advantage amid overseas expansion.