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BEIJING, March 21 (Xinhua) -- China will spare no effort to implement supply-side structural reform over the next five years to ensure sound and sustainable economic growth, Vice Premier Zhang Gaoli has said.
3. We continued to pursue innovation-driven development and accelerated the development of new industries and new forms of business. We issued guidelines on deepening structural and institutional reforms and accelerating the implementation of the innovation-driven development strategy, pushed forward pilot reforms for all-round innovation, and devoted great energy to promoting innovation and industrial upgrading.
In 2010, when Xiaomi was founded, the Chinese smartphone market was dominated by foreign brands. Newspapers splashed photos of people queuing for Apple's iPhone 4 and few would consider buying handset from a domestic startup.
Wu is not alone.
China will, according to its economic fundamentals and the need to maintain financial stability, make the exchange rate of yuan float in two ways within a reasonable range, and maintain the exchange rate "basically stable at an adaptable and equilibrium level," the premier stressed.
来源：资阳报