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China's spending on science and research reached nearly 2 trillion yuan (0 billion) last year, accounting for 2.18 percent of its GDP, up 11.6 percent from 2017, according to the National Bureau of Statistics.
China's recent tax reduction move will boost the growth of small and micro-businesses and encourage stronger technological innovation, a senior official said.
China's used car dealers have also started showing enthusiasm for the used vehicle export initiative.
China's surplus comes mainly from labor-intensive products, and the country saw deficits for products including aircraft, integrated circuits, automobiles and agricultural products, showing both countries have capitalized on their respective industrial advantages, according to the report.
China-proposed initiatives "bear profound strategic character," SCO Secretary-General Rashid Alimov told Xinhua in a recent interview, stressing the importance of aligning the Initiative with the development strategies of each SCO member.
来源：资阳报