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China is taking its first steps towards paying for imported crude oil in yuan instead of the US dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally.

China is the biggest e-commerce market in the world, with its consumers spending 7.18 trillion yuan (.1 trillion) online last year — 32 percent more than 2016, according to data released by the National Bureau of Statistics.

China is expected to overtake the United States as the world's largest aviation market by 2024. More opportunities will certainly emerge from the Chinese sky, Airbus aims to have 2,000 aircraft operating in China before the end of 2020 as demand continues to rise.

China has seen double-digit growth in the number of children's books published for two decades, with sales volumes surpassing 20 billion yuan annually, according to a think tank report published in June.

China is racing to the forefront of the global artificial intelligence sector, with six domestic companies earning their place on a recent list of the top 100 AI startups in the world.