国内英语资讯:China launches demonstration areas to boost Made in China 2025_时事

国内英语资讯:China launches demonstration areas to boost Made in China 2025

The meeting on Wednesday decided that the government will take advantage of a variety of government and industry funds to spur innovation and entrepreneurship, and guide more social capital to support advanced manufacturing. In the demonstration areas, the government will offer stock incentives in State-owned enterprises.

The government will also further cut red tape and streamline approval procedure, improve business environment, and make bigger efforts in attracting foreign investment. The use and protection of intellectual property rights will be strengthened and government compliance oversight will be reinforced.

"Local authorities are highly motivated after the unveiling of the Made in China 2025 strategy. Many countries are also upgrading their manufacturing sectors right now," Li said.

"The Chinese economy has shown a buoyant momentum, but the weakness lies in the manufacturing sector, which requires quickened expansion. We need to focus our efforts on strengthening the sector, which is the foundation of the real economy," he said.

Li highlighted the importance of opening-up and international cooperation and absorbing experience worldwide.

The meeting also decided to step up the development of innovation centers for manufacturing and technology and to establish a number of public service platforms for entrepreneurship and innovation.

The demonstration areas will also receive support in talent development, and encourage researchers and Chinese talents overseas to set up businesses in the demonstration areas.