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"Compared with petrochemical and coal-chemical, it is cleaner and more efficient and signifies our industrial transformation," Xu said.

"China shares market opportunities with the world and promotes the world. As such, the company aims to introduce more innovative therapies to China by making their Asia-Pacific or even world debuts in the country," he said.

"Chinese courts have been upholding equal protections while hearing foreign-related IP disputes no matter where litigants are from," Tao Kaiyuan, vice-president of the Supreme People's Court, told China Daily in an recent exclusive interview.

"Competition is intensifying among the different countries in the digital sector. We believe Beijing, as the nation's capital and science and technology center, should make its contribution on the matter," she said.

"China's definition of a successful 5G might include having at least one-third of the world's 5G base stations within five years of license issue, and having at least half of the world's 5G users within five years," he said.