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China's central government will spend 354.3 billion yuan (.8 billion) on R&D and science and technology innovation this year, up 13.4 percent year-on-year, Minister of Finance Liu Kun said. The ministry will also increase infrastructure investment by 40 billion yuan year-on-year to 577.6 billion yuan this year, Liu said.
China's capital, technology, market, knowledge and experience is expected to play a major role in expanding the network of shipping routes in the Arctic and facilitating the economic and social progress of the coastal States along the routes, read the paper.
China's AI industry has developed rapidly in recent years and it aims to become a global leader in the next 15 years.
China will work with Brunei to deepen China-ASEAN cooperation in various areas and accelerate negotiations for the Regional Comprehensive Economic Partnership, so that the benefits of the upgraded China-ASEAN Free Trade Agreement can be delivered on the ground, Xi said.
China will make efforts to add about 20,000 newly-registered businesses on a daily basis this year by promoting the development of new forms of business, Premier Li Keqiang said on Thursday.
