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China has attached great importance to the development of strategic emerging industries such as information technology, biotechnology, and high-end manufacturing in recent years.
China has been actively assuming its international responsibility and participating in global governance by putting forward new concepts, thoughts and plans to reshape the global governance system, said Liu Wei, president of Renmin University of China, at a global governance forum on Saturday in Beijing.
China has joined some other major economies in accelerating gold purchases in the past year, a move to hedge against risks of currency and equity fluctuations. By the end of December, the gold reserve in China rose to 1,852.52 metric tons, the first increase since November 2016, according to data from the PBOC.
China has also built a total of 21 economic and trade cooperation zones within the territory of the SCO countries, making contributions to expanding local employment and increasing tax incomes.
China expects to promote quality innovation and development in cooperation with other nations to promote global quality improvement and benefit all countries, he added.
