Hybrid rice, cloned monkeys and mythical dragons

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These factors will add many uncertainties to China's socioeconomic development, but the pressure can motivate the country to upgrade its technologies, products and industries, he said.

Xu Guanhua, a former minister of science and technology, said China still faces three major obstacles to becoming a science and technology powerhouse: a lack of world-class science talent; lackluster market services to assist innovation efforts; and a lack of confidence to tackle difficult projects.

"A top talent can often decide the ability of a research team or even an entire institution," Xu said, adding that world-class talent and the ability to make original breakthroughs are essential for China to catch up with developed countries.

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