Xi: China to vigorously make scientific and technological innovations
China will vigorously make scientific and technological innovations to foster new growth drivers, Chinese President Xi Jinping said at the Asia-Pacific Economic Cooperation (APEC) CEO Dialogues on Thursday via video link in Beijing.
In his keynote speech, Xi said that a new round of technological revolution and industrial transformation is gathering pace, and science and technology are playing an even more significant role in boosting social productivity.
He noted that innovation has always been the primary driver of development to China, and the country has made major achievements by implementing an innovation-driven development strategy.
"As China enters a new stage of development, factors of production underpinning its development have gone through profound changes. This means that China must pursue innovation to achieve high-quality growth driven by domestic demand," he said.
"We will fully leverage the demand of our super-sized domestic market and the strengths of its complete industrial system and redouble efforts to turn research outcomes into real productivity. We will endeavor to build an innovation system that integrates science and technology, education, industries and the financial sector, and upgrade the industrial chains. This will sustain China's long-term economic development," Xi pledged.