21 February 2019

China plans measures to promote innovation, paper says

China plans to roll out measures to promote innovation in key technologies, the Economic Information Daily reported Wednesday, citing government sources. Some 20 government bodies, including the National Development and Reform Commission, Ministry of Science and Technology and Ministry of Finance, are studying measures to support enterprises’ innovation, including research and development spending, resources allocation and human talent evaluation, the report said. The country will also support three pilot innovation industrial parks, Zhongguancun in Beijing, Donghu in Wuhan and Zhangjiang in Shanghai, it said.

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