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The goal is to shorten, by year's end, the time needed for reviewing applications of high-value patents to within 17.5 months, and the average review period for trademark registration to within five months. The quality of IPR registrations will also be improved.

The gala, held at the Great Hall of the People in Beijing, showcased China’s great achievements since reform and opening-up was initiated by late leader Deng Xiaoping in 1978.

The government should have an overall design for China's brand-building system, crack down on intellectual property right infringement, and construct a system providing policy support in a number of fields including taxation, finance and technology, advised Gu Shengzu, vice-chairman of the 13th National Committee of the Chinese People's Political Consultative Conference.

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The gap between Guangzhou and Shenzhen, and Hong Kong in the Grade A office market is projected to narrow with the integration in the bay area, the report said.

The government will drop social distancing restrictions form midnight on Monday as it moves to a level 1 national alert from Level 2, Ardern told a news conference.

The free-trade zone in Hainan will serve as a new window for China to contribute more in solidifying regional economic integration and injecting vitality to the world economy, Wei said.

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The foundation also plans to build more of these facilities to meet local demand for medical care and emergency services, but obstacles such as the threat of terrorism remain, he said.

The fund raised will be used mainly to expand and enhance Tencent Music's content offerings, service development, selling and marketing, potential strategic investments as well as other general corporate purposes, said the company.

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The government will be able to achieve its annual fiscal targets, according to its projection of steady economic recovery, cutting more than 2.5 trillion yuan (9 billion) in taxes and fees to support business and mitigate the impact of COVID-19, Finance Minister Liu Kun said in an interview with CCTV late on Thursday.

The government should also step up efforts to ensure that impoverished people can find jobs, it heard.