Category: Economy

Tianjin – The major overland trade route between China, Mongolia and Russia will be tested this week, ahead of the upcoming implementation of the TIR system in China. The 2,200km route will be assessed with a caravan of nine trucks travelling together over seven days, three each from China, Mongolia and Russia. China’s ratification of the UN TIR Convention last month has put a spotlight on this strategic trade route and its potential for regional development as well as…

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15 August 2016 – A new report published by the United Nations World Intellectual Property Organization (WIPO) has shown that for the first time, a middle-income country, China, has joined highly developed economies among global leaders in innovation. “China’s progression reflects the country’s improved innovation performance as well as methodological considerations such as improved innovation metrics in the GII ,” noted a press release issued by WIPO today. However, despite China’s rise, an “innovation divide” persists between…

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