The Communist Party of China's committee of East China's Jiangsu province showed foreign guests its efforts to encourage and cultivate innovation and the outcomes it has gained in a presentation held at the International Department of the Central Committee of CPC in Beijing on Thursday.

Delivering a speech at the presentation, which drew about 400 delegates from countries including the United States, Russia, Finland and Denmark, Li Qiang, Secretary of CPC Jiangsu provincial committee, shared examples of companies in Jiangsu, which are globally competitive and "have been focusing on innovation".

"Similarly outstanding companies are popping out in industries such as Nanjing's software and information service, Suzhou's nano-material industry, Wuxi's Internet of things industry, Changzhou's graphene industry and Taizhou's bio-medicine industry," Li said.

Li also shared Jiangsu's policies to support and encourage innovation, including the one where a team made up of top class talent in the world could be granted up to 100 million yuan ($15.16 million) for their project.

Song Tao, minister of the International Department of the Central Committee of CPC shared the Party's practices in promoting innovation.

Since the 18th National Congress of the CPC, the CPC Central Committee, with Comrade Xi Jinping as the core, has put innovation at the core of the over-all picture of the country's development, and has vigorously promoted the comprehensive innovation with technological innovation as the core, Song said, adding China has become a major country in terms of innovation.