The State Council announced its Opinion on Encouraging and Guiding the Healthy Development of Private Investment, declaring a series of measures such as fulfilling the favorable revenue policy to encourage enterprises to increase R&D investment, bolstering innovation capacity.

Under the opinion, quicken the pace of implementing encouraging policies on boosting the transformation of S&T fruits, actively develop technology market, improve the registration of S&T achievements, facilitate private enterprises to transfer and introduce advanced technologies, and provide a service platform for the independent innovation of private enterprises. Other requirements include: encourage private enterprises to take part in international competition, support private enterprises to develop strategic resources and weave a worldwide distribution network.

(China IP News)