China to improve incentives for government policy implementation

0 Comment(s)Print E-mail Xinhua, December 21, 2021
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China will enhance incentives and support for local efforts in implementing major policies with noticeable results during the 14th Five-Year Plan period (2021-2025), said a circular released by the General Office of the State Council.

Taking the forms of funding and investment, among others, incentives will cover areas such as innovation, intellectual property rights (IPR), vocational education, foreign trade, and environmental governance, the circular said.

Central funds will tilt toward scientific and technological development in provincial-level regions with great progress in innovation-driven development and application of scientific and technological outcomes.

Well-performing provincial-level regions will get support in building IPR protection centers, launching pilot programs for financial reform and innovation, and improving vocational education, among others.

In allocating central fiscal funds, incentives will also be offered if they achieve remarkable results in protecting high-standard farmland, enhancing medical care services and boosting employment.

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