Nation focuses on 'innovation ecosystem'

China will finish building the foundation of its national technology transfer system by 2020 and release a complete version by 2025, according to a recently released government paper.

The State Council published an outline for the system on Tuesday, saying it aims to facilitate innovation and economic development across regions, help turn scientific research into products and transform China into a science and technology powerhouse.

"This is the first time technology transfers have been examined thoroughly and systematically at a national level," Xu Jing, director of innovation and development for the Ministry of Science and Technology, said on Wednesday.