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China witnessed a number of severe election scandals in the past few years. In all, 523 deputies to the Liaoning Provincial People's Congress, among the total 616 deputies who participated in the provincial election in January 2013, were found to have taken bribes.

China will firmly uphold international rules on IPR and protect IPR owned by both domestic and foreign companies, Shen Changyu, head of the State Intellectual Property Office, said at the China Patent Annual Conference held in Beijing.

China's broader auto industry has seen a recovery. Data from the Ministry of Industry and Information Technology (MIIT) showed that the country's automobile production and sales increased by 21.9 percent and 16.4 percent, respectively, year on year in July.

China will expand the pilot regions for more convenient trade settlements and improve the management framework for cross-border capital flows for better protection against external shocks, according to a statement on the SAFE website.

China will lift foreign ownership limits on securities, fund management and futures companies by the end of this year, a year ahead of the schedule, said the State Council's Office of Financial Stability and Development Committee last year when it announced 11 measures to further expand the financial sector's opening-up. The central government also allowed foreign asset managers to partner with subsidiaries of Chinese banks or insurers to establish foreign-controlled asset management companies.