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China overpowers Malaysia in Uber Cup badminton tournament****** China's Liu Xuanxuan (R) /Xia Yuting compete in the women's doubles match against Malaysia's Lee Meng Yean/Muralitharan Thinaah during the group D match between China and Malaysia at Uber Cup badminton tournament in Aarhus, Denmark, Oct. 10, 2021. (Xinhua/Zhang Cheng)
AARHUS, Denmark, Oct. 10 (Xinhua) -- China's women's badminton team crushed Malaysia 5-0 in the second round of the Uber Cup group stage here on Sunday.
Tokyo Olympic champion Chen Yufei drew first blood against the 20-year-old Eoon Qixuan, winning 21-13, 21-11.
"This is my first game in the 2021 Uber Cup and it's normal that I had some problems in the first set. But I collected points quickly as she was making more mistakes," said Chen. "I believe things will become much better in the coming matches."
Liu Xuanxuan and Xia Yuting outplayed Lee Meng Yean and Thinaah Muralitharan, 21-12, 21-17 in the following doubles tie.
"We were prepared for all kinds of scenarios. Our opponents are much stronger than the Canadian pair yesterday, so we're not surprised to fight hard in the second set," Xia told Xinhua after the game.
Liu was happy to grab the victory for the Chinese team and vowed to make more contributions for China in their title campaign. "We would collect more points if we could manage the details well."
He Bingjiao overwhelmed Siti Nurshuhaini 21-8, 21-3 in just 23 minutes in the third match-up.
"I cannot decide who would be my opponent and how strong she is. The only thing I can do is to fight 100 percent, no matter whom I face. I'll try every effort to motivate myself," said the world No. 9 singles player.
Huang Dongping and Jia Yifan then smashed Go Pei Kee and Teoh Mei Xing 21-9, 21-12 in the doubles, before 21-year-old Wang Zhiyi defeated 18-year-old Karupathevan Letshanaa 21-15, 21-11 to seal the victory for China.
China will face hosts Denmark on Tuesday in the final round of the group stage. Enditem
China issues IPR protection, application plan for 2021******
BEIJING, Nov. 3 (Xinhua) -- China has recently issued a major plan on IPR protection and application work for the 14th Five-Year Plan period (2021-2025), highlighting innovation, application and protection in the sector, according to IPR authorities.
The plan is a blueprint with detailed targets and measures for the country to embark on a journey to strengthen its intellectual property undertakings, the National Intellectual Property Administration (NIPA) said.
Aside from proposing quantitative indicators, the plan clearly sets new targets for China's IPR work on protection, application, services level and international cooperation, according to Shen Changyu, head of the NIPA.
"All these targets and indicators have been drafted to ensure the fulfillment of China's phased goals to strengthen its power in the IPR sector," said Shen.
The key quantitative indicators for the 2021-2025 period will have been reached when the number of high-value invention patents per 10,000 people hits 12, when the number of patents granted overseas hits 90,000, and when the annual import and export volume of intellectual property royalties hits 350 billion yuan (about 54.7 billion U.S. dollars).
Another indicator will have been reached when the added value of patent-intensive industries accounts for 13 percent of GDP, and that of copyright industries 7.5 percent, according to the plan.
The plan outlines five key tasks for the upcoming five years of IPR protection work to stimulate innovation vitality, sustain the development of the real economy, benefit the people through innovation, serve the open economy, and boost talent and the cultivation of culture.
To meet the targets, the NIPA has launched 15 specialized projects in four major sectors: IPR protection, industrial transfer, the construction of a services system, and talent cultivation.
The projects will reach diverse and key IPR protection work fields, including trade secrets, data, new plant varieties, geographical indications, trademarks, copyright, public services and education.
According to China's 15-year plan (2021-2035) on IPR development released in September, the country has ordered stricter IPR protection, a high level of public satisfaction, and a greater IPR market value by 2025. By 2035, China's IPR competitiveness will rank among the top globally. Enditem
文/本报记者 白圩珑 图/本报记者 马昭
Interview: China aims for better finance environment through regulation, innovation******
BEIJING, Oct. 20 (Xinhua) -- China strives to create a better finance environment through strengthened laws, regulations, and innovation, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, told Xinhua in an interview.
As the world's second-largest modern financial system, China's financial system has strong vitality with its openness, competitiveness, fairness, and inclusiveness at a high level, said Guo, also Party secretary of the People's Bank of China, the central bank.
In terms of competitiveness, he said, there are more than 4,000 institutions in China's banking system. The market share of the four major state banks is only about 34 percent, with the industry concentration far lower than that of developed countries.
In addition, China's mobile payment, online credit, and internet insurance businesses are booming, and these fields are dominated by private capital, he said.
"Without the support of financial institutions and policies, it is difficult to have such a situation," Guo added.
On the other hand, Guo admitted that "monopolies and unfair competition are prominent problems in certain areas of China's financial sector."
He cited the disorderly expansion of industrial capital in the finance field, illegal financial activities disguised as "financial innovation," and unfair competition of some large internet platforms in various financial services as major problems in the sector.
Therefore, anti-monopoly and preventive measures against disorderly capital expansion are urgently needed and conducive to fostering a new development paradigm, advancing high-quality development, and promoting common prosperity, Guo said.
China has taken a slew of measures to combat monopolies, including strengthened supervision over behaviors of major shareholders of banking, insurance, and securities institutions and their equity management, and the 2020-2022 action plan for the corporate-governance reform of state-owned enterprises.
Guo stressed that Chinese authorities place equal emphasis on strengthened regulations and innovation, noting that financial innovation is encouraged on the premise of "people first."
He pledged further measures to create a better finance environment for the private economy, such as encouraging banks to accelerate their digital transformation and providing private businesses with more convenient financial services. Enditem