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The reform should be guided by the Thought on Socialism with Chinese Characteristics for a New Era and the spirit of the 19th CPC National Congress, ensure the Party's absolute leadership over the military, aim for combat effectiveness, and enhance the motivation, initiative and creativity of service personnel, Xi said.

More efforts will be made to incentivize the commercialization of R&D findings. Commercialization professionals will participate in the whole process. Universities and research institutes will be encouraged to participate, through commercial deals, in business research on technological breakthroughs.

The partnership aims to promote collaboration between the two countries' governments, science and technology sectors, businesses and the general public in such fields as maritime governance, marine ecology, marine renewable energy and marine culture, said Carlos Rodrigues, head of the Department of Social, Political and Territorial Sciences at the University of Aveiro.

It was pointed out at the Friday meeting that greater efforts will be made to enhance financial services for the private sector, especially micro and small firms.

More efforts will be made to incentivize the commercialization of R&D findings. Commercialization professionals will participate in the whole process. Universities and research institutes will be encouraged to participate, through commercial deals, in business research on technological breakthroughs.