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"For the past 40 years, China has made impressive achievements in the field of intellectual property protection and is gradually becoming a global leader in innovation," he said.

"Haitao, or shopping directly from overseas sites, is likely to be more relevant to brands looking at initial market entry. Retailers and brands should therefore play to their different national specialties when attempting to differentiate themselves from their competitors," said Matthew Crabbe, Mintel's Asia-Pacific director of research.

"Guaranteeing litigants' legitimate rights in stricter accordance with laws and giving them equal protection, no matter where they are from, has always been the top priority of Chinese courts when dealing with foreign-related IP cases," she added.

"Growth of shadow banking assets will remain constrained in 2018 due to tight regulations. These include banks' off-balance sheet wealth management products and asset management products originated by non-bank financial institutions, which were the fastest-growing shadow banking products in 2015. Trust loans and entrusted loans, the remaining growth driver in 2017, are also under regulators' spotlight," said global credit ratings agency Moody's in its Quarterly China Shadow Banking Monitor report issued in May.

"Floods will be more serious than droughts this year," he said, adding that temperatures across the country are expected to be higher than average.