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China became one of the top five US patent recipients in 2017 for the first time as the country also reported double-digit growth for its intellectual property sector last year internationally and domestically.

China has become the developing country with the largest overseas bank assets, a trend in support of the increasingly international ambitions of Chinese businesses and opportunities within government-led initiatives.

China first began issuing collector's stamps featuring the Chinese zodiac in 1980. It was the monkey stamp designed by 94-year-old Chinese painter Huang Yongyu.

China does not need to follow suit by raising its interest rate, said Yu Yongding, former member of the monetary policy committee of the People's Bank of China. "China needs to keep its interest rates stable," said Yu, an economist of the Chinese Academy of Social Sciences. "China has been able to resort to capital flow management to absorb the effect of the US interest rate hike, and the hike has been priced in by the market."

China has elevated deleveraging on its agenda, listing it as one of five key economic tasks as the nation switches its development model to rely less on debt-driven growth.