He Lifeng, head of the National Development and Reform Commission, said due to Hainan's geography, it lacks sufficient development in the hinterland and is unsuitable for development of large-scale processing.
He also expects the government to make more efforts to attract young talents to the private sector and make the overall business environment more friendlier to private firms.
He added that by 2020, China will build 10-20 science parks for biomedicine with a total output value surpassing 10 billion yuan (.45 billion). And for the past five years, China has ranked second in the world in terms of published papers and patent applications.
He added that the forum had its likely impacts on the world economic growth and global governance issues to respond to profound changes in a global economic landscape, i.e. from International Monetary Fund reform to Asian Infrastructure Investment Bank, and from G7 to G20.
He also pointed to the decision passed during just-concluded Fourth Plenary Session of the 19th CPC Central Committee, in which the Party emphasized the importance of strictly upholding the national Constitution and the Basic Law in governing the HKSAR, as well as establishing a legal system in the SAR to safeguard national security. It shows the central government's unswerving stance and confidence in implementing the "one country, two systems" principle, Han said.
He advised the Chinese government and people to deal with these challenges with a calm and open mindset.
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He added that cycling has made him healthier and given him a new lease of life.
He again warned "some forces" in the US who have "kept meddling in Hong Kong in clear interference in China's internal affairs".
He added China should find ways to cooperate with the US because no one wants to see a lose-lose situation.
Having closed the year 2018 with a total turnover of 3,800 crore Indian rupees (around 3 million), the global brand is currently at No 5 in terms of sales in India, and yearns to be among the top three brands by the next year, company sources said.