CHINAEUROPE AFRICAASIA 中文双语Français
Business\Economy

China to build more demonstration bases for mass entrepreneurship, innovation

Xinhua | Updated: 2017-06-22 10:22

BEIJING - China will further boost mass entrepreneurship and innovation by building 92 more demonstration bases, the State Council, China's cabinet, announced Wednesday.

The government decided to support the building of more demonstration bases for entrepreneurship and innovation as the first group of 28 such bases have played an important role in industrial upgrading and innovation, according to the State Council.

The second group of 92 bases include 45 regional demonstration bases such as Shunyi district in Beijing; 26 university and research institute demonstration bases such as Peking University, and 21 corporate demonstration bases such as Aviation Industry Corporation of China.

The bases will enjoy policy breaks on market expansion, intellectual property protection, finance, and taxation.

Local authorities should build a sound policy environment to promote entrepreneurship and innovation, the State Council said.

They should streamline administrative approvals, delegate power to lower levels, and encourage professional approval services in the demonstration zones, according to the State Council.

China announced the building of first group of demonstration bases in May 2016.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US