China continues its ascent in international brand rankings

China has maintained its spot as the world's second-most valuable national brand, with its worth rising 25 percent year-on-year to $12.8 trillion, second only to the United States, at $25.9 trillion, according to a report.

The Nation Brands 2018 report released by London-based consultancy Brand Finance revealed China continues to perform well despite prospects of a protracted trade dispute with the US, highlighting the robustness of the Chinese economy.

David Haigh, Brand Finance CEO, said the rising value of China's nation brand was a consequence of its global leadership, pro-business outlook and determination for the country to create brands rather than just products.