Chinese Vice-Premier: China future development to be driven by innovation

Livesquawk came out with comments from the Chinese Vice-Premier, citing that China future development is likely to be driven by innovation.

Meanwhile, Wang Zhaoxing, Vice-Chairman of the China Banking Regulatory Commission (CBRC) said late on Tuesday, as cited by Reuters, China’s city commercial banks should direct more of their lending to small businesses in a bid to boost the private sector and address regional economic disparities.