Innovation tops academy reform

At a recent meeting of academicians from the Chinese Academy of Sciences and Chinese Academy of Engineering, President Xi Jinping emphasized that innovation should be the main direction for China's science and technology research.

To make innovation the main driving force for growth, China should remove the institutional barriers, said a commentary in the 21st Century Business Herald. Innovation is the only way for China to achieve the transformation from "Made in China" to "Designed in China".

The economic competition between big powers is essentially the competition between their innovation capabilities.