A billboard promoting the Asia-Pacific Economic Cooperation (APEC) meeting is seen in Kuala Lumpur, Malaysia, on Nov 18, 2020. The APEC Economic Leaders' Meeting will be virtually held on Nov 20. (Photo/Xinhua)

Innovations highlighted for high-quality growth

China will vigorously make scientific and technological innovations to foster new growth drivers.

China must pursue innovation to achieve high-quality growth driven by domestic demand, as the country enters a new stage of development and factors of production underpinning its development have gone through profound changes.

Innovation has always been the primary driver of development to China, and the country will endeavor to build an innovation system that integrates science and technology, education, industries and the financial sector, and upgrade the industrial chains.

China will continue to deepen reform and energize the market.

China will take more steps and remove with greater resolve deep-seated systemic and institutional barriers to modernize its governance system and capacity.