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China has now begun the steps required to join, including amending its laws. For example, a draft amendment of the Patent Law extends industrial design patent protection to 15 years from 10 years.

China has been promoting the protection of industrial designs. The country saw 709,000 applications for industrial designs in 2018, compared with some 600 in 1985.

China has emerged as a leading fintech market globally, with analysts estimating the market size to have exceeded 3 billion by the end of last year, accounting for about 85 percent of the global market share.

China applies international labor and human rights standards in its legislation, policymaking and policy implementation, to effectively safeguard workers' rights. China prohibits child labor, opposes forced labor, employment discrimination, and workplace sexual harassment, takes targeted actions to combat illegal employment, and prevents and punishes all kinds of violations and crimes concerning employment. In fulfilling their responsibilities to secure employment, local governments at all levels in Xinjiang promote full and high-quality employment for people in different areas, of different ethnic groups, and with different economic conditions, to achieve common development and progress among all ethnic groups. Xinjiang has thus become a successful example of practicing international labor and human rights standards in underdeveloped areas with large populations of ethnic minorities.

China has become a high-profile and potential market. The Economic Information Daily citing sigma report from Swiss Re said the country will be the world's largest insurance market by mid-2030s. German insurer Allianz also predicted China will continue to lead the global insurance market, and the premium size will increase at annual 14 percent in next 10 years.