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Amendment to the Patent Law adopted by China's top legislature over the weekend strengthened protection for patent holders, stipulated harsher punishment for violators and encouraged innovation in the pharmaceutical sector.

Amazon’s second headquarters may be closer to Seattle than you think. Amazon says it plans to grow its presence in Bellevue, in the Seattle suburbs, to 15,000 employees in the next few years. That could be comparable to the number of employees working in the official HQ2 site of Arlington, Va. Will the company find a friendlier climate in the ’burbs?

Among the 500 firms, 431 reported R&D data. Their combined R&D spending totaled 1.08 trillion yuan, with the ratio of R&D expenditure to operating revenues rising to a historic high of 1.61 percent.

Amid reopening efforts, the private sector saw a revised job gain of 3.3 million in May, followed by a revised growth of 4.5 million in June. In recent months, however, job growth has been slowing down.

Amazon’s?worldwide headcount is also on the rise, as the chart below shows. The company actually?topped 91,000 employees at the end of the first quarter, and likely will top Microsoft in worldwide headcount this quarter, though a large percentage of that employee base works in fulfillment.