June 13, 2024

China aims to nurture more world-class companies by improving the modern corporate system, build an internationalized scientific research environment, and improve scientific and technological (sci-tech) security mechanisms and mechanisms guarding against risks, according to a top meeting held on Tuesday. 

While presiding over the fifth meeting of the central commission for deepening overall reform of the 20th Communist Party of China (CPC) Central Committee, Chinese President Xi Jinping stressed efforts to improve the modern corporate system with Chinese characteristics and foster a globally competitive open environment for scientific and technological innovation, the Xinhua News Agency reported. 

The focus of the top meeting underscores China's intensifying efforts to build a high-level socialist market economy system, improve China's global competitiveness in the economic, technological and other fields, and bolster its capabilities to guard against major risks, amid an increasingly complex external environment marked by rising protectionism and blockades, Chinese experts said on Wednesday.

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