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China should increase the share of core technology investment in its research and development expenditure, which is only 5 percent, compared with 17 percent in the United States. It is also necessary for China to carry out institutional reforms to promote the transformation of scientific and technological achievements into productive forces, Huang said.
China will better facilitate crossborder trade and investment with new measures including improving foreign exchange management and further streamlining regulatory requirements, with a view to attract foreign investors with a more enabling business environment.
China should take cautious steps to promote financial innovation amid efforts to promote opening up in Hainan province, according to law experts.
China officially launched the highly anticipated STAR Market, or its Nasdaq-style tech board, at the Shanghai Stock Exchange on Thursday, a milestone in the country's capital market development.
China will continue to intensify international exchanges and cooperation in drug supervision to promote the domestic application of new medicines developed overseas to meet demand, China's top drug regulator said on Thursday.
来源：资阳报