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"Consumers' purchase records will be stored in the background. Based on that information, consumers' shopping preferences can be collected and analyzed by our system. Using big data, both Intersport's online and offline stores will push advertisements to match each consumer's preferences, recommending their favorites in our store. This is called 'second reach'," said Sun.

"Chinese investment in key economic sectors, such as infrastructure, industries and tourism, is welcomed as it can promote economic growth," he said.

"China-Latin America cooperation does not target nor exclude any third party," Qiu said.

"Collecting and analyzing big data and exploring its potential value can help companies truly achieve smart manufacturing by increasing efficiency and flexibility, improving quality and reducing costs," he said.

"China's rapid rise reflects a strategic direction set from the top leadership to developing world-class capacity in innovation and to moving the structural basis of the economy to more knowledge-intensive industries that rely on innovation to maintain competitive advantage," said WIPO Director-General Francis Gurry.