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China maintained its 14th place ranking in the Global Innovation Index 2020 released on Wednesday, and is the only middle-income economy that has been included in the top 30 for years, yicai.com reported Friday.

China will accelerate the transformation of new technologies, processes, materials, and products into international standards, said Tian Shihong, deputy head of the State Administration for Market Regulation.

China supports the efforts of the Democratic People's Republic of Korea and the Republic of Korea to push for dialogue and communication for the resolution of the Korean Peninsula issue, President Xi Jinping said on Thursday.

China started its much-anticipated national carbon trading plan in December to reduce the amount of carbon emissions because costs and risks were not reflected in market prices.

China will also continue to improve the business environment and protect intellectual property rights, he added.