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New fin-tech services will be introduced to explore more financing channels for small- and medium-sized tech companies, including asset-light firms and firms yet to make profits. Local government equity funds will be channeled to support seed and early stage high-tech startups. Insurance companies will be encouraged to develop products that cover patent enforcement and patent infringement to forestall patent holders' losses from IPR violations.
As an important G20 member, China has played a constructive role in facilitating consensus on issues of common concern, such as responding to opportunities and challenges brought by the technological revolution, forging ahead infrastructure financing and taxation on the digital economy, Zou said.
China will provide an additional 50 Chinese Government Scholarships Grants for Philippine students on an annual basis from 2019-2021. Both sides will implement the Executive Program of Cultural Agreement between China and the Philippines for 2019-2023 signed during the visit and encourage their cultural institutions and groups to increase exchange of visits.
Responding to a reporter's question, Wang said China's development itself is a just cause in human development and progress as nearly 1.4 billion people have got rid of poverty and moved towards modernization, which is the greatest contribution to all mankind.
"For whatever purpose, the United States has committed to providing 60 billion dollars in infrastructure financing to support regional infrastructure development. It is a good thing to help the development of countries in the region. The Chinese side welcomes it," he said.
来源：资阳报