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"Customized solutions can be offered to large manufacturers with complex needs for digital transformation and tried-and-tested package solutions to small businesses so that they can be connected at a lower cost," Zhang said.

"Chinese companies may overlook the regulatory and compliance complications of investing in the country. These include an intricate tax regime and stringent rules around employment and data protection."

"China still has plenty of potential sources of domestic growth－consumption for instance－and it can now cultivate these further. That means it will be able to face the current issues with more flexibility and readiness than others, although the question is whether this will be sustainable."

"China's reforms will never stop, and its doors will only open ever wider."

"China's rapid growth to become the top filer of international patent applications via WIPO underlines a long-term shift in the locus of innovation towards the East, with Asia-based applicants now accounting for more than half of all PCT applications," said Gurry, in a video broadcast on the results of WIPO in 2019, and program highlights and challenges for 2020, including the COVID-19 pandemic.