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And at a time when China and the US are having trade and political disagreements, Cohen said, "Art can basically break through the barrier.

And, high-tech services grew at an astonishing rate of 21.2 percent. In preparing for consumer 5G telecoms next year, the output of mobile communications base stations grew 153.7 percent.

And, starting May 1, foreign companies will be allowed to apply for licenses to conduct oil and gas exploration and production. Last year, the Chinese government implemented a "negative list" system that allows foreign investment in any sector not explicitly prohibited. And, the new foreign investment law allows 100 percent foreign ownership in most areas and treats foreign firms as legally the same as domestic firms.

Analysts also said China's shift to focus on dealing with the three major tasks next year will help improve its ability to innovate.

And it comes at no better time as US President Donald Trump will start his first state visit to China in a few days and misperceptions about China are somewhat rife at the White House as well as in average American households.