"The Innovation is the motive force for adjusting and upgrading the economic structure. China needs to make innovation become the core of China's development, promote the full integration of science and technology with economic and social development, and elevate China's industries to the high range of the global value chain. The protection and use of IPR would be strengthened," Premier Li Keqiang said in the government work report delivered at the second session of the 12th National People's Congress on March 5.

According to the report, the overall requirements for the government's work this year are as follows: adhere to the general work guideline of making progress while maintaining stability; carry out reform and innovation in all areas of economic and social development; maintain continuity and stability of our macroeconomic policies; make macro-control more forward-oriented and targeted; comprehensively deepen reform; constantly expand opening up; drive development through innovation; keep to the new path of industrialization, IT application, urbanization and agricultural modernization with distinctive Chinese features; accelerate transformation of the growth model, structural adjustments, and industrial upgrading; strengthen the development of the basic public service system; ensure and improve people's wellbeing; raise the quality and returns of development; promote socialist economic, political, cultural, social, and ecological advancement; and achieve sustained and sound economic development and social harmony and stability.

The report said that China will strengthen enterprises' leading role in making technological innovation, encourage enterprises to set up research institutes, take the lead in establishing industry-academia-research collaboration in making innovation, and comprehensively implement preferential policies such as extra deductions for businesses' R&D expenses. More science parks and scientific and educational institutions will be covered by the trial reform policy that gives national innovation demonstration zones equity-based incentives for making innovation and the right to transfer and profit from their scientific and technological advances. China will increase government spending on basic research and research on cutting-edge technologies, technologies for the public good and key standard technologies, and China will improve public science and technology service platforms and the mechanism for launching major science and technology programs. China will improve and strengthen the management of research projects and their funding, introduce the system of national innovation surveying and science and technology reporting, and encourage researchers and engineers to set up businesses. The protection and use of intellectual property rights will be strengthened. China will fully implement the talent development plan, coordinate major programs for nurturing and attracting talent, and encourage enterprises to establish a mechanism to link researchers' pay with the market value of their research so that researchers' contributions are matched with their rewards. This will enable outstanding individuals of various types to come forth in large numbers, and their talent will be fully unleashed.

In his report, Li stressed that China will enhance the development of cultural industries and foster a well-regulated market for cultural goods. China will carry forward China's cultural traditions and work to protect cultural relics. China will accelerate the spread of Chinese culture overseas, develop cultural trade, strengthen our international broadcasting capabilities, and enhance China's cultural soft power.

(China IP News)