BEIJING (Reuters) – Chinese President Xi Jinping has pledged to promote an open and globally competitive environment for scientific and technological innovations and expand international exchanges and cooperation, state media reported on Tuesday.
The comments come at a time when the world’s second-largest economy is trying to foster new engines of growth as it attempts to restore business confidence after prolonged weakness in its property sector.
Speaking at the fifth meeting of the Central Commission for Comprehensively Deepening Reforms of the Chinese Communist Party, Xi pledged to build an open climate for technological innovation, state media CCTV reported.
“[We] should continuously improve the scientific and technological security system and risk prevention mechanism, and consolidate the financial results of security in an open environment,” CCTV said, citing the meeting.
Guidelines for improving the income guarantee mechanism for farmers and developing “modern enterprises with Chinese characteristics” were also approved at the meeting.
China will stabilize grain production and ensure food security, CCTV reported, citing the meeting.
The ruling Communist Party’s central committee will meet in July for a key meeting known as a plenary, the third since the elite decision-making body was elected in 2022, focusing on reforms amid internal “challenges” and external.
(Reporting by Ellen Zhang, Amy Lv and Kevin Yao; Editing by Andrew Heavens and Shinjini Ganguli)
