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China has seen major changes in urbanization, globalization and digitalization since the country introduced reform and opening-up 40 years ago. In this special video coverage, Sheldon Chen, vice-president of Avaya Asia-Pacific, shares his thoughts on the outlook of the Chinese market, given a number of initiatives issued by the government in recent years.

China has revised a regulation on the protection of Olympic symbols to help safeguard the legitimate interests of intellectual property rights holders - part of an effort to promote the healthy and fair development of the Games.

China is the largest market of Airbus commercial aircraft. To date, around 1,750 Airbus commercial airplanes are serving for the Chinese market, according to Airbus.

China is taking the lead thanks to innovative measures, as the launch of crude oil futures is making up for the lack of a crude oil benchmark in Asia, giving companies in the real economy a bargaining tool when importing crude, she said.

China is the world's second-largest automobile market, trailing only the United States. Despite declining growth in the assembled car market, sales of high-end vehicles have continued to rise as Chinese consumers now expect more from their vehicles, said Zhao Zhiwei, commercial director for China of Eastman's Chemical Performance Film BU, a group firm.