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Around 160 speakers from over 100 international organizations, universities, research institutions and global think tanks from some 20 countries and regions are expected to attend.

As China tries to transition to an innovation and service-driven economy, high-tech and emerging industries are picking up momentum.

As Dickson spoke, she pointed to a reassembled famille rose porcelain vase that has survived to tell the story of its owner.

As China has hastened the development of an innovation-driven economy, it has been keen to enhance the legal regime for IP protection, and new protection mechanisms have already taken shape across the country, said Sang Bai-chuan, a professor of economics at the University of International Business and Economics in Beijing.

Areas where most respondents planned to increase spending are sports and gymnasiums, as well as medical and healthcare sectors. Consumption upgrade is continuing with 77 percent of the respondents indicating that they would pay more for better products.