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"China was the first country to fully recover. Look at the GDP (gross domestic product) data in the third quarter in seasonally adjusted terms, it has already reached the pre-crisis levels," said the chief China economist at the Paris-based organization.

"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.

"Climate change was briefly touched upon in the 11th Five-Year Plan (2006-10) and now, in the 13th Five-Year Plan (2016-20), climate change and the environment is a central element," Veres said. "The positive environmental trajectory that China is now portraying is embedded in the concept of ecological civilization."

"China's per capita income will continue to rise and supply of quality goods will increase, which will further support consumption upgrading", which in turn will contribute to the country's high-quality development, it said.

"China was the first country to successfully fight the pandemic among major global economies. Thanks to that, our business in China is also recovering quickly," Goller said.