286. In 2017 the theme of World Intellectual Property Day was innovation and how it improves our lives, similar to the topic we discuss today. From new materials to new transportation technologies, it is no doubt that Innovation has changed our lives.
287. While the intellectual property system is a crucial part of a successful innovation system, it contributes to the protection of innovation and helps to transfer and dissemination of technology.
288. China attaches great importance to innovation. And in order to better protect innovation, China has built an intellectual property system based on the international rules. Under the protection of intellectual property, in 2017, there were 1.3 million patent applications, 5.7 million trademark registration applications, and 2.7 million registrations of copyrights. All three numbers hit a record high.
289. In 2017, China's e-commerce industry led to employment of 42.5 million people. Innovation plays an important role in changing the Chinese people living standard and stimulating economic growth.
290. But we still recognize the huge gap in the current innovation field. At present, developed country Members created more innovations. At the same time developing and LDC Members created less. China believes that innovation should not only be the "toy" for developed Members, but also can allow more people to share the benefits of innovation.