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China has attached great value to innovation and has become an impactful scientific and technologic power around the globe. Chinese companies are among the global leaders of frontier technology innovations such as 5G, artificial intelligence and the IoT.

China didn't have a patent law in 1984, "but now it has progressed to be one of the world leaders in IP production and policy", said Rader.

China fully participates in global governance of human rights

China has entered a new historic juncture of development. The principal contradiction facing Chinese society has changed. The country will finish building a moderately prosperous society in all respects by 2020, move on to basically realizing modernization by 2035, and then turn to making China a great modern socialist country in every dimension by the middle of the 21st century.

China has already moved through phases like educating many young scientists and researchers, and translating their academic skills into product development and solution skills, said Zhang.