19 March 2020
China Unveils Third Batch of Reform Measures to Support Innovation
China recently launched pilot programmes to foster innovation and reform at eight locations, including the Beijing-Tianjin-Hebei region, Shanghai and Guangdong’s Pearl River Delta region. The programmes are intended to implement the country’s innovation-driven development strategy, under which efforts have been made to eliminate institutional obstacles that hinder innovation and to promote the trial of reform measures. A total of such 36 reform measures were unveiled in two batches, in 2017 and 2018.
In order to build on these pilot reforms, the General Office of the State Council issued a Circular on Promoting the Third Batch of Reform Measures in Support of Innovation (Guo Ban Fa No. 3 ). The circular reaffirms the government’s decision to promote, in the abovementioned eight pilot regions, a third batch of 20 reform measures, some of which will also be adopted nationwide. These measures span innovation in financial technology, innovation in science and technology management, intellectual property protection, talent development and military-civilian integration.
Source: State Council