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Apart from reducing the review period, the office will launch online application services for trademark oppositions and invalidations this year, and continue to crack down on malicious trademark filings for a fair market, Cui said.

Animation Cloudbabies features characters who take care of the sun and moon. [Photo provided to chinadaily.com.cn]

Another key measure highlighted by Liu was to deepen the reform of State-owned enterprises, especially mixed-ownership reform, to improve SOEs' corporate governance structures and internal incentive mechanisms.

Apart from having a balanced import-export structure and a trade balance, China has climbed up the international value chain with its share of the global market increasing from only 0.9 percent in 1948 to 14.2 percent in 2015, about twice that of the US.

Apart from existing brands, Anta will continue to seek high-end international sportswear brands with strong growth potential to meet the sportswear need of its customers and fill the gaps between different market segments.