China issued new guidelines for innovation on Thursday. The guidelines highlight development in reforms, the encouragement of talent and the opening up of the market. 

The guidelines aim to reform the system and policies for tech development that will be synchronized with China's economic reforms. China will also strengthen its encouragement scheme to motivate talent and boost innovation capabilities. China will also continue to capitalize on global resources and investments. Analysts say China's innovation drive is focusing on tech, economic and institutional reforms in order to make the economy more efficient.