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China will stick to its path of innovation with Chinese characteristics and implement an innovation-driven strategy for development to fulfill the "Two Centenary Goals", Xi said. The goals are to finish building a moderately prosperous society in all respects by 2020 and to turn China into a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious and beautiful by the middle of the 21st century.

China will expand international cooperation in enforcing intellectual property rights to facilitate trade and create a favorable business environment for enterprises from China and overseas, a customs official said on Wednesday.

China's Great Wall Motors and German carmaker BMW unveiled their joint venture Spotlight Automotive in Zhangjiagang, Jiangsu province, on Friday. It marks the latest step of their plan to co-develop and produce electric vehicles for the global market.

China will launch a campaign targeting illegal food producers and misconduct during food production and marketing, an official statement released on Wednesday said.

China will enhance its protection of foreign enterprises in China, step up efforts in facilitating foreign investment and try to open up more in certain areas in order to improve its business environment, the Ministry of Commerce said on Sunday.