Basketball in China is proving to be big business as its popularity continues to grow at a phenomenal rate among both players and fans.

The nation will remain one of the main recipients of foreign direct investment (FDI) this year despite a sharp year-on-year decline in April, analysts said.

China may leapfrog Japan to have the most say after the United States in the IMF after a structural reform of the fund's governance.

China's fixed asset investment continued to surge in April thanks to the government's stimulus package, but the nation's exports dropped further.

China's export dropped 22.6 percent in April year on year to $91.94 billion, falling for the sixth month in a row, the General Administration of Customs said.