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. The outline examines the role of China's main innovators - companies, universities and research institutes - and the climate they face in the policy, legal, institutional and market realms. Xu said the outline will be a blueprint for building a national ecosystem of innovation that can adapt to market changes. It will also provide possible solutions to issues that can limit the efficiency of technology transfers, such as the allocation of research resources. China's trade in technology contracts generated 1.14 trillion yuan ($171 billion) last year, up by nearly 16 percent year-on-year. It is the first time the country has passed the 1 trillion yuan mark, Xu said. In the first eight months of this year, the technology trade was worth about 532 billion yuan, a 14.4 percent increase over the same period last year. As of 2016, the Ministry of Science and Technology had registered more than 4,290 innovation spaces and 3,250 incubators nationwide. Last year, they served more than 400,000 companies, created more than 2 million jobs and attracted 93 billion yuan in investment, Xu said. Yet as trade booms, more institutional and legal issues emerge, he added. For example, companies, universities and research institutes often operate within their own institutional boundaries and have trouble communicating or cooperating with each other. Technology transfer is not a major part of the evaluation process for scientists looking for a promotion; publishing scientific papers gets more emphasis. However, Xu said, the outline encourages universities to focus more on technology transfers, and motivates scientists to think how their research can benefit the public. State-owned companies and research institutes also often have a hard time adapting to provincial policies due to structural limitations, so the outline will launch pilot zones to test the effectiveness of new policies, he said. At the same time, governments should provide stronger support to help innovators navigate market and policy changes, he added. Zhang Zhihong, head of the ministry's Torch High-Tech Industry Development Center, predicted the new system will provide a more unified and open exchange network for technologies. The national technology transfer system will facilitate cooperation and investment across regions, disciplines and markets, he said. glow wristbands
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Many sectors of Chinese society mourned the death of renowned Hong Kong philanthropist and prominent industrialist Tin Ka-ping, who died at the age of 99 in the city on Tuesday morning.Leading the tributes was the central government's top representative in Hong Kong, Wang Zhiming, director of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region. Wang expressed his sorrow over Tin's death on Wednesday.He said he respected and appreciated Tin's lifelong love for the country and his great contribution to education in China.Tin cared about society and promoted public welfare in ways that will benefit future generations, Wang said.Joining him was Hong Kong's Chief Executive Carrie Lam Cheng Yuet-ngor. She said on Tuesday that Tin not only made significant contributions to the industrial development of Hong Kong but was also devoted to philanthropy over the past few decades, both in the special administrative region and on the mainland.Lam said she was grieved to learn of Tin's passing and extended condolences to his family.Hong Kong's Secretary for Education Kevin Yeung Yunhung said the Tin Ka Ping Foundation funded various educational institutions, from kindergartens to universities, as well as several scholarship and exchange programs that benefit a large number of local students.Born in Guangdong province, Tin moved to Hong Kong in 1958. He was successful in his early days in the chemicals business and later made a fortune in real estate. He devoted his life to promoting the development of charities, donating 80 percent of his total assets to different fields, especially education.So far, the foundation, a nonprofit charity founded by Tin in 1982, has funded 318 education institutions, more than 1,800 rural libraries, 29 hospitals and about 130 bridges and roads across 34 provinces, municipalities and autonomous regions in China.Educational institutions that were funded by Tin in both Hong Kong and the mainland also expressed both sorrow and appreciation.The University of Hong Kong said that Tin was a selfless educator and philanthropist who had contributed immensely to the development of teaching, learning and research in Hong Kong and on the mainland.Zhejiang University posted a tribute to Tin on its social media account. Tin provided money to establish the Tin Ka Ping Academy on the Xixi campus of the university. As it is the place where most students go for classes, the building bears witness to students' growth, the university said.Tin's name and the building have been integrated into the university, the post said.Other universities and middle schools in different provinces, including Guangdong, Sichuan, Yunnan, Jiangsu, also mourned Tin. All of them have received donations. 
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