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By the end of 2022, the processing time for an invention patent application will be cut to 16.5 months and that for a high-value patent application to about 13.8 months, the National Intellectual Property Administration said in a recent statement. In addition, the average time for reviewing a trademark application will also be reduced to within four months－the fastest worldwide, according to the statement.

By contrast, the Indian IT firms that are frequently criticized for flooding the H-1B lottery, are seeing a decline in the number of visas approved over the past few years. The top seven of those companies received just 8,468 visas in fiscal year 2017, a steep 43 percent decline since fiscal year 2015.

By the third day of her exhibit, however, her thoughts were focused on the overwhelming crowd of visitors and purchasers filling her less than 5-square-meter booth all day.

By the end of February, the outstanding balance of nonperforming loans of the Chinese banking sector stood at 3.3 trillion yuan. The NPL ratio increased by 5 basis points from the previous month to 2.08 percent, according to the China Banking and Insurance Regulatory Commission.

CAAM estimated earlier this year that China's automotive market would grow by around 5 percent in 2017.