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As WTO members discuss all this, they will also have to deal with the threat to the dispute settlement system of the WTO. The 164 economies which make up the WTO’s membership account for 98 percent of global trade — and all of this is underpinned by the WTO's dispute settlement system. This is the mechanism through which members hold each other to account for perceived infractions and which prevents trade disputes from escalating into much more serious confrontations. As such, it is one of the fundamental pillars of global economic governance — and it is highly effective. Many disputes are resolved before they reach the litigation stage, but when they do proceed to that stage compliance with rulings is very high, about 90 percent.

As digital forces shake the status quo and restructure value chains, an even more globally competitive Chinese economy, and dynamic firms can emerge, the report said.

As for Sao Tome and Principe, Jiang said China, as the world's second largest economy, is equipped with ample funding, a complete industrial system and advanced technological equipment to contribute to the economic and social development of the African country.

As for the creative industry in the country, Zhu says: "It is really growing."

As a flagrant violation of international laws, the atrocity was tried by the International Military Tribunal for the Far East and the Nanjing War Crimes Tribunal, which rendered a verdict based on irrefutable evidence.