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China will increasingly rely on endogenous innovation to spur economic development in the future, a process that needs risk takers from private businesses, while state firms, always slower and more cautious in decision-making, are relatively less vigorous and not that willing to take risks, Fan said.

China's Experimental Advanced Superconducting Tokamak (EAST) -- the "artificial sun" -- was the first tokamak device to break the 100-second barrier.

China will redouble its efforts to ensure the safety and quality of exported and imported goods by creating an evaluation system and taking action on evaluation results, according to a guideline released by the State Council on Wednesday.

China will send expert groups and test kits, facilities and medical treatment equipment to bolster novel coronavirus containment and treatment in the nation's border regions, according to a decision made at a meeting chaired by Premier Li Keqiang on Monday.

China's A shares are scheduled to be included in the MSCI Emerging Markets Index on June 1. The index, tracked by about .7 trillion of international assets, is one of the benchmark indices followed by global fund managers who wish to have an exposure to emerging markets equities.