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China has facilitated the trademark registration process and by Nov 9, the average trademark review cycle had shortened to less than six months.
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 has been very successful in the COVID-19 pandemic control and the measures to control the virus have been incredibly effective, which brings business and life back to normal at a fast speed.
China has become one of the top players on the global stage for nuclear power generation, possessing an advanced nuclear power industry chain including uranium resources exploration, nuclear fuel supply, engineering design and development, engineering supervision, equipment manufacturing, operational maintenance and disposal of radioactive waste.
China has placed great emphasis on tech development, with AI a key area.
