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"Facing the grim and complex global situation, we need to further upgrade the growth model and economic structure, giving priority to the innovative development of foreign trade," Ren said.

"Director Niki Caro and our cast and crew have created a beautiful, epic, and moving film that is everything the cinematic experience should be, and that's where we believe it belongs -- on the world stage and the big screen for audiences around the globe to enjoy together," the statement said.

"Even if some companies wanted to move out of China, investment plans have been significantly scaled back because of the pandemic," he said.

"Dual circulation", China's new development pattern, will help expand domestic demand and improve productivity based on creative reforms, experts said at a seminar organized by the China Center for International Economic Exchanges, a national-level think tank.

"Efforts should also be made to help private businesses improve their own capability and adapt to market changes, and achieve high-quality development."