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Compared with manpower, the AI application has accelerated the online identification of counterfeit goods and made the fight more effective, he added, seeing it as a trend in IPR protection.

Coincidentally, the prestigious US weekly magazine, TIME, also wrote a Chinese phrase on the cover of its latest issue, corresponding to the English headline "China won".

Compound that with the state’s and city’s generally acknowledged slowness to add new infrastructure and you’ve got a corporate nightmare waiting to happen.

Commsat Technology Development Co Ltd, for instance, had to postpone its launch date for a research satellite until later this year, according to Peng Yuanyuan, the firm's co-founder and chief operating officer.

Comparing the emphasis in hiring strategies of foreign and Chinese companies, Huang of Heidrick& Struggles said the former have long-term plans for new executive managers, while the latter tend to seek candidates who are practical, efficient and quick to generate profit.