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As global attention turns to Beijing with the start of China's two sessions on Thursday, experts said that the nation's biggest annual political event will indicate the direction of its socioeconomic development amid the COVID-19 pandemic and will inject confidence into the gloomy world economy.

As foreign investors are keen to see improvements in the protection of intellectual property rights in China, the government must pay more attention to IPR protection. China should step up its efforts to eliminate illegal IPR activities, establish more IPR courts and increase punishments for violators. Any company that violates IPR must be severely punished, even to the point of causing bankruptcy. It is equally critical to improve government services. As 2020 is the first year for the implementation of China's Foreign Investment Law, the government should further cut the items on its negative lists in both FTZs and at the national level.

As a result of its efforts, XCMG has already achieved its goal of raising its global ranking in the construction machinery manufacturing sector to among the top five this year, and it is on track to make the top three by 2025 as the group forges a world-class enterprise with great competitiveness.

As an example, Bezos pointed to Project Zero, saying it “helps brands serialize individual products, which really helps with counterfeiting.”

As for Tsinghua University, about 18 percent of its graduates picked Guangdong last year, with the share for Guangdong growing constantly since 2014.