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At the same time, Chinese industries should be more innovative and create original work. "If China can produce more valuable and influential IP, companies will inevitably want to protect it more vigorously."

At the meeting, ministers discussed the global impact of the COVID-19 pandemic and the G20's response. The parties agreed the outbreak is a tremendous shock to international trade and investment, and the joint statement of the Extraordinary G20 Leaders' Summit on COVID-19 should be implemented collectively, according to the Ministry of Commerce.

At the Strategic Transformation and HiApp Launch Ceremony in Beijing, the group unveiled its business mode - mobile travel services and HiApp, an online platform that aims to provide customized services to users whatever they need during travel.

At the CIFTIS, a humanoid robot named Walker has been garnering raves. The robot, developed by the Shenzhen-based tech company UBTech, has a torso, arms, hands, and a head, and is as humanoid as bipedal robots can get.

At the end of the first quarter, the NPL ratio of commercial banks stood at 1.8 percent, roughly the same as the number in the beginning of this year, while the balance of NPLs increased by 95.7 billion yuan to 2.16 trillion yuan during the same period.