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China paid about .6 billion to overseas IP holders in 2017 after experiencing an average annual increase of 17 percent in such expenses since 2001, Li said. The improved legal system for IP protection and firm enforcement also have stimulated enthusiasm for innovation among enterprises and the public, he said.
China on Aug 3 threatened tariffs on billion in US goods — including 25 percent on liquefied natural gas — in response to a US threat to expand tariffs on Chinese exports.

China should stick to its poverty alleviation target and make continuous efforts in the battle, Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, said on Thursday, National Poverty Relief Day.
China is willing to expand bilateral trade and energy cooperation, in fields such as oil and gas, extend industrial chains, and boost cooperation in science, technology, aviation and finance to move the comprehensive strategic partnership to a new stage, said Li.
China proposed an extra 25 percent tariff on a list of US products, such as soybean and pork, last week in response to the steep US tariffs on billion worth imports of Chinese products.
来源:资阳报