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Chinese Premier Li Keqiang makes remarks while presiding over a symposium on Jan 18, 2019. At the symposium, he consulted representatives from the education, culture, health and other sectors on a draft version of the government work report. [Photo/Xinhua]

China's research and development spending reached 2.21 trillion yuan (9.2 billion) last year, a significant increase from 1.42 trillion yuan in 2015, Wang said. Of the total R&D budget last year, 133.6 billion yuan was used for basic research, almost double that of 2015.

China, Moon said, has always played a positive role in helping the summits between the ROK and the Democratic People's Republic of Korea (DPRK) and between the DPRK and the United States.

China's push to cultivate innovation-driven growth will inject new life into the country's real economy and fuel the integration of cutting-edge technologies with manufacturing, experts said.

China's policies and regulations on foreign private asset managers have not changed under a pilot program launched in 2016 that allows global firms to set up wholly foreign-owned enterprises to raise onshore funds and invest in the onshore securities market, according to the official, who spoke on condition of anonymity.