China's State Council issued Sunday incentive policies
encouraging scientific and technological innovation.
The incentive policies target at creating friendly environment
for carrying out the National Guidelines for Medium- and Long-term
Plans for Science and Technology Development from 2006 to 2020.
The incentives include promised increase of research and
development expenditures, favorable taxation policies towards
innovation-oriented enterprises, financial supports and
governmental procurement.
In addition, specific policies will also be worked out for
licensing of alien technologies, intellectual property protection,
human resources, improvement of public science awareness and
favorable policies for state key research labs.
(Xinhua News Agency February 27, 2006)?
