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the World Trade Organization in 2001. That paved the

way to more than a decade of export-led double-digit economic grow th, and the ongoing shift from export-led quantitative economic growth to inno vation-led qualitative development, which has accelerated under President Xi Jinping’s leadership. China’s industrialization peaked between the late 1990s and 2008, when the global financial crisis broke out. Now China’s rate of growth […]

Chan also said that trade secrets at times were diffic

cult to legally protect in the past, causing “huge trouble for American tech nology companies in protecting core and critical technologies” that they could not patent. The latest amendments to the Anti-Unfair Competition Law, which unde rwent a substantial revision in 2017, have emphasized protecting trade secrets. He said in that in January, China’s Supreme […]

However, the consumption structure has changed, with

service consumption accounting for 47.7 percent, up 1.4 percentage points year-on-year . Meanwhile, sluggish auto consumption dragged the whole consumption growth. The continuous decline of auto consumption has become a key for stabilizing this year’s consumption, said Liu Xiaoguang, a resear cher at the National Academy of Development and Strategy at Renmin University of China. […]

The economy has stayed on the track of steady gro

owth. We have the confidence, conditions and capability to mee t the projected targets for economic and social deve lopment this year,” Yuan told an NDRC news conference on Thursday in Beijing. Data from the National Bureau of Statistics showed China’s economy grew at a faster-than-e xpected 6.4 percent year-on-year in the first quarter, remaining […]