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China suggested necessary reforms of the WTO be made so as to overcome the crisis, strengthen its authority and efficacy, and enlarge its relevance in terms of global economic governance. It also proposed strengthening the inclusiveness of the multilateral trading system, said an official with the Department of WTO Affairs at the Ministry of Commerce, in an online statement late on Tuesday.

China on Saturday upgraded its emergency response for flood control from level IV to level III amid the incessant downpours.

China started off by learning from the best, joining WIPO in 1980. To date, China has joined almost every major international IP convention there is. A legal framework has been built around IP in China over the past decades, including the Trademark Law, Patent Law, Copyright Law and Regulations on the Protection of New Varieties of Plants. They are regularly updated to reflect the latest changes and developments.

China responded, planning to slap retaliatory tariffs on billion US imports including dried fruit, wine, steel pipes, and pork products.

China will also "make unremitting efforts to push forward supply-side structural reform, properly resolve major potential risks, and promote sustainable and healthy economic and social development", the statement said.