We must have more fa­vor­able fi­nan­cial poli­cies for in­no­va­tion-driven com­pa­nies, es­pe­cially to sup­port tech­nol­ogy de­vel­op­ment.”

China Daily (Canada) - - FRONT PAGE -

five-day visit to Guang­dong, a long-time test­ing ground for China’s re­form and openingup pol­icy since the late 1970s.

A com­pany can ap­ply for in­no­va­tion vouch­ers worth no more than 3 mil­lion yuan a year, ac­cord­ing to Chen.

Com­pared with sub­si­dized in­ter­ests, in­no­va­tion vouch­ers are more of di­rect fi­nan­cial and pol­icy sup­port to in­no­va­tion-driven busi­nesses, as small com­pa­nies usu­ally face dif­fi­cul­ties in rais­ing funds for tech­nol­ogy re­search, ac­cord­ing to Chen.

“We must have more fa­vor­able fi­nan­cial poli­cies for in­no­va­tion-driven com­pa­nies,

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