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"We need to aim for a higher bar in attracting foreign investment. We should raise our innovation capacity in the new round of opening up and see that all intellectual property be fully protected. No forced technology transfer will ever be imposed on foreign-invested enterprises and IPR infringements will be penalized to the full extent of the law," Li said.

China will facilitate coordinated development of two-way investment, revise and complete the negative list of foreign investment as soon as possible, further expand market access, strengthen intellectual property protection and accelerate establishing a lawful environment of fair competition to promote healthy and standardized development of foreign investment, said Li.

Pointing out that no single country can cope with today's challenges alone, Wang said building a trust economy that features equality, mutual trust, mutual benefit, inclusiveness and good faith between enterprises, markets and countries, is an effective way to unleash the potential of global growth.

BEIJING, May 30 (Xinhua) -- Chinese State Councilor and Minister of National Defense Wei Fenghe and Othmar Commenda, Chief of the General Staff of the Austrian Armed Forces, pledged to strengthen cooperation between the two militaries during their meeting in Beijing on Wednesday.

FUZHOU, April 23 (Xinhua) -- China will apply 5G technology to terminal devices as early as the second half of 2019, leading to the primary commercialization of the technology in the near future, according to an official with the Ministry of Industry and Information Technology (MIIT).