China encourages foreign sci-tech entrepreneurship
BEIJING -- China supports foreign talent with permanent residence certificates to set up sci-tech enterprises, according to guidelines recently issued by the country's Ministry of Science and Technology.
The guidelines, aimed to support innovation and development of small- and medium-sized enterprises (SMEs) in science and technology, said that foreign entrepreneurs will enjoy the same treatment as their Chinese counterparts.
SMEs in science and technology are important forces in fostering new engines of growth and promoting high-quality development. The ability to innovate is their competitiveness, the guidelines said.
Other favorable policies for SMEs include tax reduction, financial assistance and participation in major national sci-tech projects.
- Gearing up for the gaokao
- Extreme weather conditions forecast during gaokao period
- Millions vie for college spots as reforms boost fairness and opportunities
- Xi receives visit from Panchen Rinpoche
- China's northern, southern regions enter flooding season in June
- Xinjiang celebrates Corban Festival with feasts and traditions
