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"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.

"Companies that have high market value can be the right targets for investors. Meanwhile, companies that are very likely to outrun their competitors throughout the technology revolution are worth a close look, as the application of 5G technology will fundamentally change the world and points to the future.

"China will promote high-quality development and build a new system of an open economy of a higher level," Wang said. "The scale of the domestic market will be further expanded. The combination of the domestic and international markets will be closer. There will be more room for cooperation between countries and China."

"Currently cinema owners like us are already facing cash flow challenges with little revenue coming in and continuous expenses for rent, equipment and staff," Wang said.

"Chinese art houses have expanded everywhere. We have more than 40,000 screens in the country. China's film box office is the second largest in the world," Chen said as he presented a sneak peek of his movie The Legend of the Demon Cat. He also discussed his cinematic journey as one of China's fifth-generation directors.