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Wang suggested that Chinese entrepreneurs take more active role to deliver the concept behind their products and services.
Guo Shuqing, chairman of the China Securities Regulatory Commission, made the remarks at a group interview on the sidelines of the 18th National Congress of the Communist Party of China, which opened on Nov. 8.
With a length of over 9,300 km by the end of last year, China has the world's largest high-speed rail network in operation. It plans to have 18,000 km of high-speed lines in operation by 2015.
The report said that a bigger proportion of the population will need help. In 2013, 45.94 percent of the total population will need to be supported by other people, while the figure was 44.62 percent in 2012.
An awarding ceremony is held on Friday morning in Beijing. Chinese leaders Hu Jintao, Xi Jinping, Wen Jiabao, Li Keqiang and Liu Yunshan attended the ceremony.
