The following document is a Chinese government plan for making Chinese tech companies more innovative. Among other things, the plan proposes a number of measures to improve private companies’ integration with China’s state-run S&T innovation ecosystem and proposes a few novel approaches toward financing Chinese tech startups.
The Chinese source text is available online at: http://www.gov.cn/zhengce/zhengceku/2022-08/15/content_5705464.htm
An archived version of the Chinese source text is available online at: https://perma.cc/VN5C-XMKF
U.S. $1 ≈ 6.9 Chinese Yuan Renminbi (RMB), as of September 7, 2022.
Action Plan for Improving the Technological Capabilities of Enterprises (2022-2023)
In order to thoroughly implement the major decisions of the Party Central Committee and the State Council on enterprise innovation and to implement the deployment requirements of the Three-Year Problem-Tackling Plan for Science and Technology Structural Reform (《科技体制改革三年攻坚方案》) on launching and implementing the initiative to improve the technological innovation capabilities of enterprises, this action plan is formulated according to the new situation and new needs faced in enterprises’ innovation and development.
I. Overall Requirements
Take Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as the guide, fully implement the spirit of the 19th Party Congress and the various plenums of the 19th Central Committee, and completely, accurately, and comprehensively implement the new concept of development (新发展理念). Accelerate the construction of the new pattern of development (新发展格局), give full play to the decisive role of the market in resource allocation, and give better play to the role of government. Focus on the key aspects of enterprise innovation capabilities, be oriented toward prominent problems, and strengthen precise policy implementation. Enhance incentives, optimize innovative services, and boost confidence in development. Guide and support all kinds of enterprises in making technological innovation into their core competitiveness and provide strong support for achieving a high level of science and technology (S&T) self-reliance (自立自强) and promoting stable economic growth and high-quality development. By the end of 2023, a batch of innovative policies to benefit enterprises will take effect. Innovation factors of production (创新要素) will more rapidly gather in enterprises, and various enterprises will achieve positive results by relying on technological innovation to pioneer high-quality development. A number of backbone enterprises will become a national strategic S&T force (国家战略科技力量), and a large number of small and medium-size enterprises (SMEs) will become important birthplaces of innovation, forming a fairer and more just innovation environment.
II. Nature of the Action [Plan]
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