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Experts: China has targeted innovation as the new drive for continued economic growth

China’s national socioeconomic development plan puts innovation on the top of the development ideas over the next five years.

Experts say the country has targeted innovation as the new drive for continued economic growth..

SOUNDBITE (ENGLISH): BILLY WONG, Hong Kong Trade and Development Council0000-0427
“Well, I think innovation will definitely play a very important role in China’s economic development growth in the years to come.

SOUNDBITE (CHINESE): LIU BING, Institute of macro economy research in Shandong
“China’ s economy has entered a new period, innovation-driven economy. Innovation could not only provide an inexhaustible driving force for a country’s development, but also meet the domestic demand for growth. In addition, innovation could raise the deployment efficiency of social resources, which is to promote economic stable development of China.”

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