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"China's evolving regulatory policies and enhanced business environment have certainly led to a boom in the R&D (research and development) activity relating to new medicines. Investors have noticed the trend and are rushing to the market," said Han Tao, deputy general manager of China Capital Investment Group, at an event.

"China's rapid growth to become the top filer of international patent applications via WIPO underlines a long-term shift in the locus of innovation towards the East, with Asia-based applicants now accounting for more than half of all PCT applications," said Gurry, in a video broadcast on the results of WIPO in 2019, and program highlights and challenges for 2020, including the COVID-19 pandemic.

"China today is what they call a ‘green superpower'," said Roman, who also is a professor at the University Politehnica Bucharest.

"China's growing power of medical equipment research and manufacturing in the last 10 years has laid a solid foundation to deal with that boom in sudden demand," Yin said.

"China's continued economic growth and the expanding middle-income earners will also make the country a profitable market for South American companies," he said.