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"Chinese brands are at the forefront of innovation, and its global brand-builders are helping to establish 'Brand China' as innovative, cutting-edge and pioneering. China's insatiable appetite for new technology is fuelling the growth of many brand categories and powering innovation at an incredible pace," the report said.

"Cohn is arranging for a White House meeting on Thursday that would include representatives of breweries, beverage-can manufacturers and automakers, along with the oil industry. Trump is scheduled to attend the meeting," said Bloomberg.

"China's rapid rise reflects a strategic direction set from the top leadership to developing world-class capacity in innovation and to moving the structural basis of the economy to more knowledge-intensive industries that rely on innovation to maintain competitive advantage," said WIPO Director-General Francis Gurry.

"China's healthcare system is undergoing a new round of reforms, and doctors, as an indispensable force in the system, will have greater room for career development when separated from the hospital system," said Zhang Qiang, founder of China's first group medical practice Dr. Smile Medical Group.

"Chinese education companies looking to expand abroad in accordance with the Go Out policy may feel more confident about their chances of long-term success if they have a well-respected British brand attached to their schools," he added.