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China is active in intellectual property protection as it shifts to an innovation-based economy

China is one of Tesla's most important markets. In the third quarter, its China revenue surged 79 percent year-on-year to 3 million, about 20 percent of its global revenue, according to the company.

China has set an ambitious goal for a third of new cars sold in 2020 to have connectivity and self-driving features in an effort to fuel fast-evolving changes in the automotive industry.

China is confident that foreign direct investment will continue to remain stable in the second half of this year, in spite of the severe FDI stress from global aspects, a senior government official said on Friday.

China imported 2.84 billion yuan (8 million) worth of epidemic prevention and control material between Jan 24 and Feb 11 to minimize the impact caused by the novel coronavirus epidemic, data released by the General Administration of Customs showed.