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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 National Science and Technological Innovation Plan, announced last year, called innovation "a primary driving force for development", and President Xi Jinping has described innovation as "the soul of the people and the source for the country's prosperity".

China's Belt and Road Initiative has brought huge opportunities to the world, but it is also important for China to actively remove some people's impression that the initiative might only be advantageous for China, said Massimo D'alema, former prime minister of Italy.

China's burgeoning entertainment market has attracted more foreign players seeking partnerships with Chinese companies, according to some industry insiders in Hangzhou, Zhejiang province, on Tuesday.

China's biggest memory-foam manufacturer Mlily and rival mattress maker King Koil China are set to go head-to-head in the auction for one of the United Kingdom's biggest bed retailers, Dreams, with bids expected in the range of 400 million pounds (7 million), according to media reports.