The country will also put in place programs to support Chinese students overseas to return for business startups and innovation, and enable overseas Chinese entrepreneurs, including those from Hong Kong and Macao special administrative regions, enjoy the same public services as local residents, according to the guideline.
More efforts will go to the protection of intellectual property rights, while invigorating technology markets and explore a mechanism that can ensure timely commercialization of research findings with fiscal support in some areas.
The country will also expand the funding channels for enterprises, including measures to enhance the credit support and relevant services and reform on rules for state capital to take part in venture capital investment, according to the guideline.
The upgrading of the real economy will get a boost from enhancing the development of innovation and entrepreneurship platforms, the sharing economy and the development of digital economy.
The development of industrial Internet and advanced manufacturing and the land use for innovation and entrepreneurship purposes will be given priorities.
"We should keep promoting entrepreneurship and innovation, and give full play to the initiative and creativity of the public. The R&D outcomes should be put to full use so that we can better draw on the wisdom of the public," Li said.
"The internal strength of the new growth drivers should be fully converged into new growth engines of the Chinese economy," he added.
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