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China has given the green light to Tokyo-based Ueda Yagi Tanshi to establish the first wholly foreign-owned money brokerage in the mainland amid China's efforts to further open up its financial sector to foreign investors.
China has established 19 intellectual property protection centers nationwide, said Shen Changyu, head of the SIPO, at a press conference of the State Council Information Office.
China has been cutting financial incentives for new energy cars after years of market stimulation. Subsidies will cease altogether by the end of 2020, according to the Minis-try of Industry and Information Technology.
China has improved in IP filings and protection by leaps and bounds, yet insufficient enforcement has come under fire and the discordance between quantity and quality has yet to be tackled, Li said.
China has made it clear that it does not replicate any model from other countries, nor does it export its own to others. It insists that success of its development path is not a blow and a threat to the Western system and path as differences in systems should not lead to a zero-sum game, but should coexist peacefully.
