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President Xi Highlights Innovation-driven Development

  Chinese President Xi Jinping visited the Chinese Academy of Sciences on July 17 and stressed the importance of keeping a global vision and embracing the pace of time in the development of science and technology. Mentioning that the worldwide research on big science questions and key technologies promise revolutionary breakthroughs in the near future, XI urged the science community to accelerate scientific and technological progress in China in order to keep pace with the world. 
  In terms of innovation, President Xi emphasized the need to clear institutional barriers impeding innovation capacity, better integrate scientific advancement with economic growth, optimize related policies and improve the evaluation system. He called for stronger support to those fields underpinning economic transformation and nurturing new growth poles, strenuous efforts to remove the constraints for sustainable development and better planning for emerging frontier and cross-disciplinary fields. He also said more should be done to mobilize the initiatives and respect the autonomy of researchers in innovation, and build an ecosystem encouraging success and tolerating failure.
  According to Xi, China should learn advanced achievements from the world, and more importantly, break a new path that has never been taken before. The science and technology community should, with concerted efforts, build strong confidence, be brave to question existing theories, make new breakthroughs and aim for excellence.

Minister Wan Attends 5th China-US SED

  At the invitation of Dr. John Holdren, Assistant to the US President for Science and Technology and Director of the Office of Science and Technology Policy, Minister of Science and Technology Wan Gang visited the US on July 8 to 11, 2013. During his visit, Minister Wan chaired the 4th China-US Innovation Dialogue, attended the 5th China-US Strategic & Economic Dialogue (SED), and had meetings with Dr. Holdren and Dr. Ernest Moniz, US Secretary of Energy.
  During the 5th SED in Washington D.C. on July 10 and 11, Wan made a presentation on scientific and technological cooperation between China and the US, and briefed the audience on the outcomes and consensus achieved in the 4th Innovation Dialogue between the two sides.
  The minister also exchanged views with Dr. Holdren on the Innovation Dialogue and current cooperation between the two countries. On July 11, he also met with Dr. Moniz to discuss carbon capture, use and storage (CCUS) technologies against climate change. Both agreed to continue the bilateral collaborations on Clean Energy Research Center, fossil fuels, energy efficiency and renewable energies as well as Clean Energy Ministerial.

Matchmaking Meeting for S&T Start-ups Held in Beijing

  A matchmaking meeting for S&T start-ups was organized by the Center for Science and Technology Personnel Exchange and Development Service (Center), MOST in Beijing on July 10, 2013. The event provided a platform, bridging start-ups with capital, encouraging the growth of entrepreneurs and S&T firms through support of capital force and financial leverage.
  Through road shows, comments by senior investors, prediction of technologies and B2B meetings, entrepreneurs were brought face to face with financial institutions. Prior to the meeting, the organizer provided tutoring to entrepreneurs on financing and legal practices to prepare them for talks with investors.
  Close to 70 venture capitals participated in the event, including BlueRun Ventures, Cowin Venture Capital, IDG Capital and Zero2IPO Venture. Total 7 enterprises in need of capital sent their representatives to the meeting. Through communication and exchanges, the enterprises received offers from investors. One company even got 34 offers from venture capitals and some received invitation from science parks and incubators in Beijing, Shanghai and Nanjing.
  To provide better service to start-ups, the Center will host regularly such matchmaking meetings, provide startup tutoring and organize personnel training.

TCM Brings Hope to Heart Failure Treatment

  Can traditional Chinese medicine (TCM) cure chronic heart failure (CHF)? In mid-July, an evidencebased medical research on using Qili (a type of TCM) Capsule to cure CHF was published during the 1st Chinese & Western Medicine Vascular Study Conference. Led by academicians o f Chinese Academy of Engineering, Professor Gao Runlin, Professor Zhang Boli and Professor Huang Jun, the research was completed in 15 months by aligning with 23 comprehensive first-class hospitals and collecting 512 cases. The dissertations and special features have been published in Journal of the American College of Cardiology, a world leading journal.
  Cardiovascular diseases such as hypertension, coronary heart disease, rheumatic heart disease and cardiomyopathy will all result in heart failure, reduced myocardial systolic and diastolic functions, edema and blood stasis etc.
  The research conducted by Chinese scholars found that Qili Capsule, when used to cure heart failure, can enhance myocardial systolic and diastolic functions, remove edema, dilate blood vessels, inhibit excessive activation of neuroendocrine system and suppress myocardial remodeling. The medicine could reverse the process of heart failure, cure myocardial remodeling and improve patients' prognosis. The multi-channel, multilink and multi-target treatment for CHF can enable patients to gradually eat less or stop using other western medicines, thus dramatically bringing down medical expenses. According to the Journal of the American College of Cardiology, the medicine "opened a door for treatment of heart failure."

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