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China accounted for almost one-third (32 percent) of the total global R&D growth between 2000 and 2017, the report said. The United States (20 percent) and the European Union (17 percent) together accounted for more than one-third (37 percent) of the global growth.

China and Israel announced an innovative comprehensive partnership in March last year. Israel's regional cooperation minister Tzachi Hanegbi said both countries attach great importance to technological innovation.

China Petroleum & Chemical Corp, the world's biggest refiner, also known as Sinopec, also disclosed its third-quarter report late Monday, saying its profit advanced by 13 percent as earnings from refining operations offset upstream and impairment losses during the period, while its net income increased to 11.5 billion yuan.

China Renewable Energy Engineering Institute, a think tank linked to China's National Energy Administration, forecast that the domestic wind and solar sector will experience strong growth in the period between 2020 and 2030 due to declining costs.

China and Germany both uphold multilateralism, rule-based free trade, and trade liberalization and investment facilitation, Premier Li Keqiang said on Thursday.