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"China's rapid rise reflects a strategic direction set from the top leadership to developing world-class capacity in innovation and to moving the structural basis of the economy to more knowledge-intensive industries that rely on innovation to maintain competitive advantage," said WIPO Director-General Francis Gurry.

"China should consolidate the foundation for the stable economic performance with sound growth momentum," Li said.

"Chinese consumers now put more emphasis on individuality and diversity, attaching more importance to experiences. More efforts on brand image building can ensure the more efficient supply of products. As the economic ties between different economies are strengthening with globalization, we can provide more choices to global consumers," he said.

"Coocaa TV is a young brand, and we hope to convey the young generation's attitudes via the TV, which is our original intention behindupgrading the brand," said Tang Xiaoliang, chief brand officer of Shenzhen Skyworth-RGB Electronic.

"China's rapid growth has spurred the consumption upgrade, with customers requiring constantly innovative solutions for the future," said Stephen Shafer, president of 3M Greater China. "As we embark on a journey towards success, design plays an instrumental role in helping to fulfill our competitive advantage."