The Fifth Session of Thirteenth National People's Congress opened on March 5. On behalf of the State Council, Chinese Premier Li Keqiang delivered a government work report.
According to the report, China will further beef up IPR protection and application, build up digital industries such as integrated circuits and facilitate intangible cultural heritage protection, make the most of the legacy of the Beijing 2022 Winter Olympics.
The report puts forward that China boosted the development of national laboratories and promoted implementation of major science and technology programs. China reformed and refined the management of central government funding for scientific and technological research, increased the proportion of indirect expenses for research projects, and gave institutes more decision-making power over their research. China continued the additional tax deduction for R&D expenses and increased this deduction to cover 100 percent of such expenses for manufacturing enterprises. Intellectual property right protection was strengthened. Weak links in the industrial chains of key industries were reinforced and upgraded. Digital and smart technologies were adopted in traditional industries at a faster rate, and emerging industries maintained good momentum for development.
The report also points out that China will provide stronger incentives to promote innovation among enterprises. China will reinforce the principal position of enterprises in innovation, continue promoting breakthroughs in core technologies in key fields, and promote greater synergy between industry, academia, research, and application. China will strengthen intellectual property rights protection and application. China will promote the development of venture capital, develop new financial products and services to support scientific and technological development, and upgrade intermediary services for science and technology.
China will accelerate development of the Industrial Internet, build up digital industries such as integrated circuits and artificial intelligence, and enhance China's technological innovation and supply capacities for key software and hardware. China will improve governance of the digital economy and realize the potential of data as a factor of production, to further stimulate economic development and enrich people's lives.
China will protect and use cultural artifacts and ancient manuscripts more effectively and better preserve and pass on Chinese intangible cultural heritage. China will make the most of the legacy of the Beijing 2022 Winter Olympics. China will see that more sports venues and facilities are built close to people's homes and promote extensive public fitness activities, according to the report.