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Lithuania has remained the top trade partner to China in the Baltic Sea region over the past few years. According to Chinese official statistics, the bilateral trade volume topped 1.8 billion U.S. dollars in 2014.

BEIJING, June 10 (Xinhua) -- President Xi Jinping met the 11th Panchen Lama Bainqen Erdini Qoigyijabu on Wednesday, and asked him to carry on the patriotic tradition of Tibetan Buddhism.

To encourage mass entrepreneurship and innovation, the Chinese government has taken measures to streamline administration, delegate power, strengthen regulation and improve services. New market players are increasing in exponential terms. Each day in the past five months, some 10,000 new businesses were registered. Most of them are small and medium-sized enterprises (SMEs) or service providers. Together, they employ lots of people. As a result, more jobs have been created and employment for the young has grown steadily despite a moderated speed of economic growth. All this is attributable to reform and innovation. Entrepreneurship and innovation know no boundaries. China wants to increase interaction and cooperation with other countries to jointly address technological challenges, remove barriers to technology transfer and open up new sources for economic growth.

The country should accelerate the production of smart equipment and encourage those products to go global, Ma added.

He urged them to pay special attention to quality, creditability, brands, service improvement, and to balance business with benefits to the local people.