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China requires oil and gas pipeline operators to provide equal service to any qualified users, and the new company will certainly help achieve such a goal with a united pipeline network to eventually help with national energy security in the long term, said Lin Boqiang, head of the China Institute for Studies in Energy Policy at Xiamen University.

China now has three IPR courts and is revising its Patent Law to establish a punitive damage system for intellectual property infringement.

China must come up with a national strategy to deal with the changes in industrial, supply and value chains and look to capitalize on the development opportunities arising from the new round of technology revolution and industrial transformation, said a new report submitted to the Standing Committee of the National People's Congress on the preparations for the 14th Five-Year Plan (2021-25).

China ranked 20th in service trade development globally, taking the top spot among developing countries according to a report by a government think-tank.

China plans to build Hainan into an international tourism and consumption center by 2025 and globally influential tourism and consumption destination by 2035.