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China to create better environment for innovation
BY 2017-08-31 08:45:41

BEIJING, Aug. 30 (Xinhua) -- China will introduce a number of reform measures to create a better environment for innovation and development, according to a decision at a State Council executive meeting chaired by Premier Li Keqiang Wednesday.

The decision was made after pilot reforms have seen some progress in improving both institutional and market environments for entrepreneurship and innovation, and participants to the meeting agreed that it is time to introduce them nationwide.

To encourage innovation, support will increase for micro, small and medium-sized enterprises, especially to help them get financing, said a statement issued after the meeting.

Stronger protection will be given to intellectual property rights (IPR) through the establishment of one-stop IPR service centers, it said.

Colleges and research institutions will be allowed to attract high-calibre talents or talents in urgent need of with a more flexible salary system.

The meeting also decided to make it easier for foreigners to apply for work permits. For foreign experts who come to work in China, both of their entrance and work permits will be handled at one stop.

Foreign students will be encouraged to seek jobs or start new businesses in China, and eligible students can apply for work and residential permits, the statement said.

To cut red tape, local offices of the State Administration of Taxation and local tax authorities should provide one-stop services, it said.

(Editor:Li Zhaoqi) (From:xinhua)
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