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Commenting on the "unsurprising" result, Jiang Wenran, a visiting professor at the School of Public Policy and Global Affairs at the University of British Columbia, said it was a "bad day" for Canada and China.

Coca-Cola, which had held the No. 1 spot for 13 years, fell to third place. Microsoft maintained its No. 5 ranking, while Amazon.com continues its surge with a brand value of .6 billion. (It now ranks 19th, up from the 20th spot last year). Yahoo and BlackBerry fell off the list, while Nokia — whose smartphone business is being acquired by Microsoft for .2 billion — showed the biggest brand decline in the history of the report by falling 65 percent to No. 57 on the list. Nintendo (#67, brand value of billion)and Dell (#61, brand value of .8 billion) also showed double digit percentage brand declines.

Comparable sales grew 5 percent for the year, with in-store sales growing 3.2 percent over 2017, while digital sales rose 36 percent. Target said 2018 marks the fifth straight year that digital sales have grown by more than 25 percent. Roughly 75 percent of online sales were either picked up in stores or sent directly from stores, rather than warehouses, to customers.

Compared with the "large steps "of credit and liquidity injections in the first half of this year, the central bank may take a more cautious pace in monetary easing in the subsequent months, but still maintain stable credit growth to sustain economic growth momentum, said analysts.

Combining the Marxist political party theory with Chinese reality, China created the "new type of party system" which is mainly carried out through the CPPCC.