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China has been the world's largest importer and recycler of waste plastic, paper and scrap metal. At the beginning of the year, China placed import restrictions on more than 20 types of solid waste from other nations. As China limits the amount of material that can be imported, Chinese companies are looking to the US to ensure ample supplies and to establish recycling operations. 

China has now begun the steps required to join, including amending its laws. For example, a draft amendment of the Patent Law extends industrial design patent protection to 15 years from 10 years.

China has been the powerhouse for global growth and a main contributor to an open world economy in recent years. Since becoming a WTO member in 2001, China has cut average tariffs from 15.3 per cent to 9.8 per cent, removed over 50 access restrictions on the manufacturing sector and opened about 120 sectors of the service industry to different degrees. It is now the largest trading partner of 124 countries and one of the top three markets for goods from 54 WTO members.

China capable of handling challenges including possible market fluctuations

China has met its goal of reducing its carbon intensity－emissions per unit of GDP－three years before schedule. But more global effort is required to reduce the world's emissions of greenhouse gases and tackle climate change, according to a report published on Friday.