BEIJING, Dec. 5 -- China will extend the implementation of a series of pro-innovation reform measures to further drive innovation and creativity, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.
Premier Li Keqiang underlined the importance for the government to level the playing field and provide better services to businesses, particularly in the areas of innovation.
Reform measures in boosting innovation have been piloted in eight Chinese cities and regions including the Beijing-Tianjin-Hebei region, Shanghai and Guangdong. The first pilot program covering 13 policy measures were rolled out nationwide in 2017.
"It has been years since the wider implementation of the central government's pro-innovation policy measures, yet there is still a feeling among scientists and researchers that the delivery of relevant policies has fallen short in some respects," Li said at the meeting. "We must review and address this problem promptly. Wider application of these policy incentives will help catalyze greater creativity and innovation."
It was decided during the Wednesday meeting that another batch of 23 reform measures will be rolled out to mobilize innovation resources, incentivize innovation activities and nurture new drivers of growth.
A number of reform measures will be rolled out across the country.
More efforts will be made to incentivize the commercialization of R&D findings. Commercialization professionals will participate in the whole process. Universities and research institutes will be encouraged to participate, through commercial deals, in business research on technological breakthroughs.
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