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China will provide support for 50 shared manufacturing demonstration projects with prospects and strong driving force by 2020, the guideline said, in a bid to further deepen the application of shared manufacturing in industrial clusters.

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 will do more to ensure that its smaller enterprises enjoy ready access to affordable credit, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China will raise its fiscal deficit target to 2.76 trillion yuan, or 2.8 percent of GDP, this year from 2.6 percent in 2018.

China will enact a number of measures to improve the business environment at its ports and help boost cross-border trade by optimizing procedures with higher efficiency and lower costs, said senior customs officials on Thursday.