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Chinese envoy calls on int'l community to support mass entrepreneurship, innovation in EMDCs

(Xinhua)    17:33, June 01, 2017

United Nations, May 31 (Xinhua) -- China's permanent representative to the United Nations Liu Jieyi Wednesday called on the international community to support mass entrepreneurship and innovation, innovation-driven development and small and medium enterprises (SMEs), so as to create jobs.

Liu made the remarks in his statement delivered at the 2017 ECOSOC (Economic and Social Council) Special Meeting on "Innovations in Infrastructure Development and Sustainable Industrialization" on behalf of the BRICS inter-governmental grouping, as China has held the presidency of the group this year.

Liu noted that innovation, industrialization, and infrastructure development, as crucial components of the 2030 Agenda for Sustainable Development, are of utter importance to carrying out the agenda.

In this regard, Liu put forward three concrete suggestions. First, the international community should help the Emerging Markets and Developing Countries (EMDCs) enhance their capacity in technological research, development and innovation and create a favorable policy environment for innovation. He stressed that support should be given to investment and training in technological innovation, so as to back developing countries in their implementation of strategies and policies to stimulate innovation and provide encouraging conditions for enterprises and startups to innovate.

Second, the international community should attach great importance to the need for infrastructure construction of the EMDCs, especially African countries, the least developed countries, land-locked developing countries and small island developing states, helping them develop good-quality, reliable and sustainable infrastructure.

Moreover, a hand should also be given to the EMDCs to seize the opportunities to enhance industrialization, achieve growth and create jobs in a sustainable, inclusive and transparent way.

Finally, in the age of globalization with the accelerated integration of the global economy and of international supply chains, the international community should actively promote the free flow of capital, technologies, commodities and goods, and value the vital role that professionals and workers play in boosting economic growth, in order to ensure the free flow of such personnel.

Liu also noted that BRICS countries are willing to work together with all relevant parties to strength practical cooperation in transportation, energy pipelines, electronics, fiber optics and telecommunications among others, promote regional economic integration, as well as further international cooperation in innovation, infrastructure and industrialization, in consistent efforts to achieve sustainable development goals.

The envoy stressed that the BRICS countries held that technological innovation, which they have long been committed to, has been a key driving force for the global and regional economic and social development.

BRICS countries has given their priorities to cooperation in the fields of new energy, renewable energy, information technology, high performance computing and nanotechnology. With the establishment of the BRICS New Development Bank, the first batch of loans would be given to premium and innovative programs related to smart, new energy and renewable energy, according to Liu.

In recent years, the BRICS organization, which groups Brazil, Russia, India, China and South Africa, has become an important, multi-layer cooperative system led by the annual BRICS summit and supported by practical cooperation among relevant parties in various fields for EMDCs.

As the hosting country of the ninth BRICS Summit, China will hold the fifth BRICS Science, Technology and Innovation Ministerial Meeting in Hangzhou, capital city of east China's Zhejiang Province, in July, so as to promote mass entrepreneurship and innovation, innovation-driven development in the interests of developing countries and their peoples and facilitate the implementation of the 2030 Agenda for Sustainable Development. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

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