China Issues Guidance to Promote Enterprise Technological Transformation
By Dezan Shira & Associates
Posted: 21st September 2012 09:05
With the aim to promote industrial upgradation and realize scientific development, China’s State Council released the “Guiding Opinions on Promoting Enterprise Technological Transformation (guofa [2012] No.44, hereinafter referred to as ‘Opinions’) on September 1, clarifying the development objectives, main tasks and safeguarding measures for enterprise technological transformation by 2015. Some of the objectives and measures are listed below.Development objectives by 2015
- Investment in technological transformation will occupy an increasingly significant portion of industrial investment
- Independent innovation capabilities of enterprises will improve significantly
- Output ratio of new industrial products will increase remarkably
- Advanced production capacity, resource utilization efficiency as well as clean production and enterprise safety levels will improve significantly
- The policy environment, system and mechanism for promoting the technological transformation of enterprises will be further upgraded
- The application of information technologies in key industries and backbone enterprises will achieve international advanced standards
According to the Opinions, there are five safeguarding measures to promote enterprise technological transformation, specifically:
- Strengthening policy planning and guidance
- Intensifying financial support
- Improving preferential tax policies
- Broadening financing channels
- Perfecting management mechanism
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