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"China is increasingly amongst the leaders in global innovation and branding," WIPO Director General Francis Gurry said.

"China is a massive country with lots of famous natural and historical sites to visit," he said. "It's also a nation that is changing rapidly and has an ever-increasing role to play in the world, so that's why I wanted to visit."

"Cheap and abundant labor is the most often-mentioned comparative advantage of developing countries. However, this has not been the only reason for the robust development of China over the past four decades," said Fan, also chairman of the China Development Institute.

"China is a country really heavily investing in its talents. And because the credential is globally recognized, it shows China's openness of business to the rest of the world," he told China Daily.

"China is about 30 percent of the global market for semiconductors," Mike Russo, vice-president of SEMI, an advocacy group, told China Daily. "The industry as a whole and all nations involved benefit from access to markets. Companies re-invest profits in research and leverage new technology. Folks are jockeying for access — no one has sewn it up."