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China's Property Rights Law was promulgated in 2007. In 2016, the Central Committee of the Communist Party of China and the State Council issued a guideline on improving the protection system and protecting property rights according to law.

China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to the National Development and Reform Commission.The commission reported the cap will be removed for commercial car producers in 2020 and passenger car producers in 2022. International carmakers will be allowed to have more than two joint ventures as well.

China will simplify and reduce administrative approval procedures related to customs declaration and clearance, and speed up the establishment of a framework for relevant laws and regulations.

China's alcohol brand Kweichow Moutai's trademark application for "national banquet" was rejected by the Beijing Intellectual Property Court, Sina Finance reported on Tuesday.

China will integrate its advanced industries with the developmental needs of South Asian countries to enhance cooperation, she said.