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The intellectual property system is to protect innovation outcomes, ensure fair competition and promote technology transfers so that the innovation achievements could be shared by humanity, Zhang said.

The two sides should stick to the four important political documents between them, treat history in the right way, stick to the one-China principle, implement the consensus of treating each other as cooperative partner instead of threats, and make sure bilateral relationship not fall back to the detour of ups and downs, he said.

China will provide stronger support for debt-to-equity swaps, promote mixed-ownership reform, and improve policies on business reorganizations and bankruptcy, said a statement released after an executive meeting chaired by Premier Li Keqiang.

SUPERVISORY SYSTEM REFORM

This exhibition is about the ancient tradition of Chinese masks. It will be presented in the form of contemporary works and decorated with giant masks in several places of the city.