Source:Global Times Published: 2014-11-9 23:28:01

"In the past, China's innovation largely relied on State-owned research institutes. This situation should be changed to allow enterprises to be the new engine of innovation. The government should be mainly responsible for creating a fair and transparent environment, protecting intellectual property rights and encouraging innovation and investment as well as improving the tax collection mechanism."

Yang Yuanqing, chairman and CEO of Lenovo Group,

speaking Sunday at the Asia-Pacific Economic Cooperation (APEC) CEO Summit.

"We welcome the Chinese decision to create the fund. We understand the importance of such a mega project and the cost involved. No doubt the Chinese contribution will make things easy for participating countries across the world."

Ashfaqur Rahman, former Bangladesh ambassador to China,

commenting on Chinese President Xi Jinping's pledge of $40 billion for a Silk Road Fund for Eurasian infrastructure in an interview with Xinhua reporters in Dhaka on Sunday.

"China's overseas investment is not for solving domestic problems but to meet the demand of overseas investment after China upgraded to a large-scale economy. The large capital inflows from foreign investment since 30 years ago have created a good opportunity for China's development, which changed China from a relatively backward country to a prosperous one."

Tian Guoli, chairman of Bank of China,

speaking at the sideline of the APEC CEO summit Sunday.

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