New platforms to help the economy
Idle factories and warehouses will be transformed into bases for entrepreneurship and innovation, with government subsidies for rent, utilities and Internet access, according to a government statement .
The initiative was announced during a State Council executive meeting presided over by Premier Li Keqiang.
Priority will be
to information technology, highend equipment manufacturing and modern agriculture.
The government will encourage venture capital investment in these bases, and will provide policy support in taxation, intellectual property rights and in other fields. Technical workers will be supported at these bases and in starting businesses.