According to the Report on the Work of the Government, platform economy has been initially written in the report, as Premier Li has pointed out that we will see the nationwide business startup and innovation drive is taken to the next level, which requires us to boost the platform economy and the sharing economy, create an innovation and entrepreneurship landscape featuring online-offline combination, collaboration and between enterprises, universities, research institutes and end-users, and partner between business of all sizes. With these efforts, we will create an upgraded edition of the national drive to promote business startups and innovations.
For this, Premier Li has also put forward that we will establish a state financing guaranty fund, support leading innovative enterprises in going public, and extend nationwide the pilot preferential tax policies for venture capital investment and angel investment. Besides, we will deepen the reform of institutions for talent development, strengthen the incentive for highly skilled personnel, and create a fast track to attract more foreign talent to China. There is no doubt that by bringing together myriad intellects and pooling everyone’s energies, China will break into a sprint in innovation.