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China on Monday started to slash VAT in multiple industries.

China shows the strongest growth, continuing a well-established trend in patent claiming in the US, according to the latest rank by the IFI claims patent services on Jan 8.

China welcomes Germany's increasing emphasis on Asia, and China particularly, on its agenda, said Wang, adding that Beijing warmly welcomes German Minister of Economic Affairs Brigitte Zypries, who will attend the Belt and Road Forum on International Cooperation next month as the representative of Chancellor Angela Merkel.

China registered the first quarterly current account deficit in 17 years in this year's first quarter. Such a deficit is when imports exceed exports. The deficit was .2 billion, compared with a surplus of .4 billion a year ago. But the market seems to have fewer concerns over China than other emerging markets. This is because of China's stable macroeconomic conditions and its record of successful control of capital flight, although Sino-US trade tensions may increase uncertainties in the financial sector, according to economists.

China started to conduct goods inspection for 11 exported medical products including protective clothing, medical disinfectant and infrared thermometers on Friday, the General Administration of Customs unveiled in a notice on Friday.