A child participates in an art exhibition using virtual reality devices in an art museum in Hangzhou, Zhejiang province. [Photo by Long WEI / for China daily]

China will intensify efforts to promote innovation-driven development this year, with a key approach to the promotion of scientific and technological innovation, as well as industrial improvement, government He wrote in his Government 2022 work report.

The country will deploy more policies support to motivate companies to participate in research and development this year in a movement to create new growth drivers, said Prime Minister Li Keqiang in Beijing as he delivered the Report at the opening of the fifth session of the 13th National Popular Congress, the highest legislature in the country, on Saturday.

According to the report, China will work to raise deduction coverage for small and medium-tech companies from 75 percent and 100 percent, grant companies imposed on companies that invest in research Basic and improve policies on accelerated depreciation of equipment and tools and in the preferential corporate income tax for new and high-tech companies.

The report said that China will launch a group of reengineering projects of the Industrial Foundation, will help improve traditional industries, accelerate the development of advanced manufacturing groups and launch a national program to promote emerging industries groups Strategic It will also work to nourish specialized and sophisticated companies that produce new and unique products.

More efforts will be made to promote the development of the digital economy, build more digital information infrastructure, apply 5G technology on a larger scale, advanced digitization of industries, accelerates industrial Internet development, build Digital industries, such as integrated circuits and artificial intelligence, and improves China's technological innovation and supply capabilities for software and key hardware.

Beijing,  Hangzhou,  Zhejiang, 

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