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"Chinese companies acted quickly based on their experience and capacity accumulated over the past two decades, especially in the IVD sector－an area that features interdisciplinary R&D, manufacturing and laboratory applications involving biology, physics, chemistry, materials, optoelectronics and genetics," he added.

"Comrade Xi is the core of the Party, commander of the Army and leader of the people, who is supported by the whole Party and loved and respected by the people," he said. "He is the helmsman of the socialist nation with Chinese characteristics in a new era and the guide of the people."

"Chinese companies, led by Huawei and BOE Technology, gained ground. In fact, China was the only country in the top 10 to actually show an increase in US patent activity; all other countries, including the US, saw declines," said Larry Cady, a senior analyst at IFI Claims Patent Services, in an article posted on the technology blog Venture-Beat.

"China will work with other countries to enhance macro policy coordination, accelerate international cooperation in the digital sector, step up intellectual property protection and facilitate the vibrant growth of the digital economy and sharing economy," he said, noting that such efforts will generate renewed dynamism for the world economy.

"China will play a bigger role in fueling global demand and supply," said Shao Yu, chief economist at Orient Securities.