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"If investors are going to put money into establishing a new technology or company, they need to be sure there is a market. In China, there is a market and a clear horizon, which the Chinese government is pretty good at showing, as it puts up both short-and-long term economic goals," he said.

BEIJING, Aug. 9 (Xinhua) -- The growth of China's industrial output slowed again in July, highlighting persistent challenges for the world's second-largest economy in restructuring its industries amid sluggish external demand, according to data released Thursday by the National Bureau of Statistics (NBS).

The strongest tropical storm to hit China so far this year will bring heavy rains to most parts of south China over the next three days and precipitation will exceed 50 millimeters there.

The vice minister said the government will push administrative reforms to make its purchase more transparent, fair and effective, while improving related operations and supervision systems to promote the credibility of government procurement.

Qian, who died at the age of 98 in 2010 in Shanghai, was one of the founders of China's modern mechanics as well as a noted educationist and social activist, said Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC).