At the 19th National Congress of the Communist Party of China, which charts the course for the country's future development, innovation has been labeled as the primary driving force behind development.
China has worked to create an eco-system for innovation, including talent, investment, policy support and market environment, that fuels a cycle of innovative activity.
"As the world's most populous nation, China has the demographic dividend for technological innovation," said Zhu Yanmei, chief human officer of the Shenzhen-based BGI, China's top gene-sequencing provider. "We can easily arrange an R&D team of more than 1,000 members in China, but it is not an easy task in other countries."
To raise the quality and quantity of its college graduates, China lifted the college enrollment ratio from less than 10 percent in the 1990s to 42.7 percent last year. This, together with measures to attract "sea turtles" and overseas talent, ensures innovative and entrepreneurial talent for the country's high-tech sectors.
Increasing R&D expenditure -- the total is second only to the United States, and government support, including financial services, subsidies and easier market access, are also advantages for China's innovators.
Riding a wave of government support, tech start-ups like Royole have mushroomed in China. The boom has attracted an influx of global venture capital, making China the world's second-largest private equity investment market.
【国内英语资讯:Yearender-China Focus: From follower to leader: China emerges at high-tech frontier】相关文章:
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2020-09-15
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