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China will shorten the time required for reviewing applications of high-value patents and for trademark registrations as part of its effort to strengthen the protection of intellectual property rights and improve the business climate, the State Council's executive meeting, chaired by Premier Li Keqiang, decided on Wednesday.

China will implement "as soon as possible" major economic opening-up measures that have been decided on while going all-out to fight the "three tough battles" — prevention of major risks, targeted poverty alleviation and pollution control — China's top leadership said at a high-profile Party meeting on Monday.

China will escape the so-called middle-income trap that many emerging countries have fallen into, moving beyond it to become the world's largest economy within a decade, according to experts.

China's central and local governments have a certain amount of stored frozen pork reserves, Meng Wei, spokewoman for the National Development and Reform Commission, told a news conference.

China will play a critical role in Swiss firm Georg Fischer Ltd's goal for profitable expansion through to 2020, according to its President and CEO Yves Serra.