Since 2015, Huawei has paid more than billion in royalties to legally implement the IP of other companies, with nearly 80 percent of that paid to US companies. At the same time, the company has received over .4 billion in patent licensing revenue since then, data from Huawei show.
Shi added that the opportunity for growth not only came from firms going global, but also from the transfer of government functions.
Shenzhen is often seen as a paradise for entrepreneurship as it has been a special economic zone for the last four decades. Through the personal bankruptcy rule, which draws lessons from international conventions and practices, law-abiding debtors in Shenzhen can expect to start sound businesses again, said Liu.
Since China became the world's leading trade nation in 2013, the country's annual imports had accounted for more than 10 percent of the global total, Ren said.
Shi said China's auto market still poses ample growth market as car ownership is still low compared with the average global level.
Since 2014, the court has established a collaboration mechanism with the Research Center for Identification of Foreign Laws at the East China University of Political Science and Law based on the latter's advantages in teaching and research in this field. The court has also authorized the center to locate proper provisions in a foreign law to abide by in cases when both parties agree on applying a particular foreign law in a dispute.
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Sina Weibo's data show that there are over 6,000 vloggers with a certification on the platform. And each day, over 10,000 vlogs are uploaded to Sina Weibo, covering 60 fields including travel, food and pets.
Silva came to Hong Kong in October this year to meet up with potential investors. Jumeirah, he says, is interested in every kind of investor, be they independent investors or government institutions, as Jumeirah has teamed up with both. It has Hong Kong-based independent investors in its Guangzhou and Hangzhou projects, and is in partnership with the Nanjing government in its Nanjing hotel.
Shenzhen enterprises invested in 38 enterprises and organizations in 13 Belt and Road countries and regions from January to May, including Singapore, Vietnam, Thailand and Indonesia, with year-on-year growth of 26.67 percent.
Siemens did not provide detailed information about the number of staff it would employ at the new facility, but noted that it would draw "experienced experts from all over the world".