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China will look to add more trading platforms to its Bond Connect with offshore markets and expand the scope of services this year to increase overseas participation in the world's second-largest bond market, monetary authorities said.

China would like to further increase imports of agricultural products such as soybeans and cotton from the United States and speed up negotiations on terms regarding traceability, inspection and quarantine for US beef to enter China, which will benefit 6 million American farmers, according to the report.

China's central bank released results of an all-around systemic financial risk exam. [Photo/VCG] 

China's National Science and Technological Innovation Plan, announced last year, called innovation "a primary driving force for development", and President Xi Jinping has described innovation as "the soul of the people and the source for the country's prosperity".

China will further boost the service outsourcing industry and step up digital transformation in key sectors such as cloud computing and software, said a guideline issued by the Ministry of Commerce and seven other ministries and commissions on Tuesday.