Yes. But is WPS a public and truly open format? I don't know.
PDF and OpenDocument are both formats originally created by American companies, so I can understand China's aversion to using them.
PDF is widely used, but I wouldn't call it truly open. It is a pain to read programmatically. Perhaps this is why it is widely used. It is difficult to alter.
OpenDocument is not widely used.
China could take the lead by creating a new document format that is better than PDF and better than OpenDocument.
But this is hard, and China does not have a good track record in creating popular open designs.
Perhaps a document format that is easy to read, easy to write, and easy to tell if it has been altered (by using an easy signature mechanism).
By the way, China, please fix the email encryption and spam problem, while you're at it.