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China's medium-to-high speed growth rate in recent years is on top of a very large base figure. In 2018, China continued to be the world's second largest economy, with its total GDP reaching 13.6 trillion US dollars. Its growth rate of 6.6% continued to be the fastest among the world's top five economies and its GDP increment was roughly the total GDP of Australia.

China's intellectual property rights have made great progress in the past decade. The Sharp Sword, an annual crackdown campaign initiated by the administration, has focused on pirated music, videos, games, animation and software for 12 consecutive years to create a good online copyright system.

China's finance ministry said Tuesday that raising funds was not the main purpose of the offering as China sees sustained economic growth and ample foreign exchange reserves.

China's new energy vehicle market is experiencing its hardest time in a decade.

China's economic growth will reach 6.8 percent year-on-year in 2017, thanks to the strong economic momentum witnessed in the first six months of the year, rebound in exports and a favorable external environment, a new report said.