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China will stay committed to boosting innovation. Much can be accomplished in China given its huge market, strong supporting industries and abundant human resources. We will foster a more enabling eco-system to spur innovation, intensify support for basic research and applied basic research, encourage corporate R&D spending, and improve incentives for researchers and policies for the commercialization of innovation outcomes. We will facilitate integrated innovation and synergized development of companies of different sizes, industries, universities, research institutes and end users in both online and offline activities.

China's central authorities have been stepping up efforts to deepen SOE reform. In one example, the mixed ownership system was introduced to enable the companies to shore up their earnings. The reform covers key industries such as electricity, oil and gas, railway, civil aviation and the military-industrial sectors.

China's National Energy Administration announced plans in April to drive the development of new subsidy-free solar projects through policy support, hoping new projects will be developed without the need for governmental subsidies, which it is believed will steer the market in a new direction toward zero-subsidy renewables.

China will firmly stay committed to reform and opening-up, increase common interests with various countries and promote coordination among major countries, Xi said.

China will press to strengthen medical partnerships and arrange closer ties between top-tier hospitals and grassroots medical services to provide better health management and care for urban and rural residents.