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Economy

China, U.S. enjoy great potential for innovation cooperation

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2016-05-19 09:23Xinhua Editor: Gu Liping
A Chinese company employee introduces drone to visitors at a China-U.S. innovation and investment conference in Houston, the United States on May 17, 2016. (Photo: Xinhua/Zhang Yongxing)

A Chinese company employee introduces drone to visitors at a China-U.S. innovation and investment conference in Houston, the United States on May 17, 2016. (Photo: Xinhua/Zhang Yongxing)

Officials and business leaders from China and the United States see great potential for cooperation between the two countries in technology innovation and investment as a China-U.S. innovation and investment conference kicked off in Houston Tuesday.

No country will succeed in technology innovation without international cooperation in today's globalized world, said Jin Xiaoming, director general of the Department of International Cooperation at China's Ministry of Science and Technology.

It is the consistent strategy of the Chinese government to deepen technology innovation cooperation with foreign partners and connect to the global innovation network, Jin told the conference, known as the first China-U.S. Innovation and Investment Summit.

Since 1979, China and the United States have inked nearly 50 protocols related to health, education, energy and environmental protection, he said.

To promote technology innovation cooperation, the two governments have also established dialogue mechanisms and joint commissions for technology cooperation, he said.

Technology cooperation has become the cornerstone of Sino-U.S. relations and has helped promote exchange and cooperation in all fields, especially in economy and trade, he said.

"It is significant for the two countries to conduct innovation and investment cooperation as the United States, the greater power in terms of technology innovation, and China, the largest developing country, can learn a lot from each other," he said.

The Chinese official also urged the participants to fully use the conference as a platform to find partners in a bid to realize mutually beneficial cooperation and common prosperity.

  

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