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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.

"Contrary to the prevailing world hysteria, the epidemic is almost all over in China," he says.

"Combine this with the active lifestyle Los Angeles is all about, it is clear why people are fleeing other locations around the country and coming to this city," said Dees.

"Culture export undertakes the responsibility of cultural communication between different countries and also bears economic significance, helping enhance the soft power of a country," he said.

"China's determination of expanding opening-up and the ongoing reform measures have made China's financial market increasingly appealing to overseas investors," according to a statement on the SAFE's website.