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China in recent years has increased both investment and supportive policies to strengthen its basic research ability and drive for innovation.

China has undergone remarkable changes over the years. "Seven years ago, mobile payment and bike-sharing facilities were not so commonly seen, but now Alipay and Mobike bicycles are everywhere," he said.

China is ready to work with Singapore to upgrade economic and trade cooperation. During this visit, a protocol was signed to upgrade the China-Singapore FTA.We need to speed up its implementation to deliver early benefits to our companies and the general public. Singaporean businesses are welcome to expand investment in China, especially in the central and western region and the northeast, which hold out great potentials for growth, to reap more fruits of win-win cooperation. We also need to enhance exchanges and cooperation between our innovative companies and innovators to make innovation a new growth areafor bilateral cooperation.

China has reached an agreement with the United States to double the number of passenger flights that each other's airlines can operate between the two countries from four to eight per week, according to China's civil aviation regulator.

China is a country with a huge population and market potential, said Haggai Ravid, CEO of Cukierman & Co. Investment House, an organizer of the conference.