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"We are paying more attention to the speed at which China is depleting its reserves," said Simonis.

A further 18,716 (up 13.9 percent) design applications were documented by WIPO, meaning that all three of the Geneva-based organization's international patent filing systems posted growth in 2016.

Many Chinese cities have suffered from frequent winter smog in recent years, triggering widespread public concern. Emissions from coal are cited as a cause of the high concentration of breathable toxic particulate matter, known as PM 2.5, which causes smog.

"Trade friction is normally sporadic and played under the WTO rules, resulting from normal international trade activities, while trade wars lay aside trade rules and usually involving large trade sums," Wang said. "We do not want trade wars..., but we will be well-prepared for and are capable of defending our own rights and interests."

Real interest rates are rising following the increase to the standing lending facility (SLF) rate a week ago, a move widely seen as a heavy blow to the property market, coming only weeks after the Central Economic Work Conference said that in 2017 China will "take control of" the money supply at the macro level. Credit policy at the micro level should support the reasonable purchase of homes as residences and tightly restrict credit in speculation.