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Analyst: China is undertaking institutional reform to foster innovation

05:23

Many provincial governments across China have held their first meetings after the Spring Festival to map out their plans for the new year. In their economic planning meetings on the first working day after the Spring Festival, many regions are emphasizing the word "innovation," especially in industry and technology. Liu Baocheng, the dean of the Center for International Business Ethics at the University of International Business and Economics, says that beyond technological innovation, China is also undertaking institutional reform.

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