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China has been accelerating the opening of its derivatives market since 2018 when the country launched the trading of crude oil futures contracts and opened it for the first time to foreign investors, a milestone development of the country's futures market. Following crude oil, three more products－iron ore, pure terephthalic acid and technically specified rubber 20 futures contracts－became available to foreigners.

China has made astonishing achievements over the past several years and continues to be the world's model, especially for developing countries, said Francis Gurry, head of the UN's World Intellectual Property Organization, on Thursday in Beijing. He added he hopes the country can continue to lead emerging and developing economies to bridge the gap in world innovation. He added, given the scale and China's progress, the country will continue to take a leading position in world innovation and have real influence.

China has carried out over 50 international commercial launches and completed the delivery of 14 satellites in orbit, Wan added.

China has led the world in NEV production and sales. About 160,000 NEVs were sold in October, up 104.5 percent year-on-year. In the first 10 months, NEV sales totaled 901,000, official data showed.

China has allocated 61.6 billion yuan (about .8 billion) of subsidies for high-standard farmland and water conservation projects in 2020, according to the Ministry of Finance.