China authorised 530,000 invention patents in 2020, 17% more than the previous year, and the country applied for 68,720 international patents in 2020, indicating China has become a major nation of IPR innovations.

China authorised 530,000 invention patents in 2020, 17% more than the previous year, and the country applied for 68,720 international patents in 2020, indicating China has become a major nation of IPR innovations.
Chinese chipmaker Semiconductor Manufacturing International Corporation SMIC, announced on Wed a deal for $1.2 bln worth of purchase orders with Dutch mask aligner manufacturing giant, ASML, based on an amended and restated volume purchase agreement.
China’s central bank said Wednesday it has joined its counterparts in Thailand and the United Arab Emirates to study the use of digital currencies in cross-border payments, a move that puts it closer to setting the global rules for international transactions handled in national virtual currencies.