China: Premier Li issued a policy statement calling for the careful implementation of the policy to help market subjects out of industrial difficulties
  • 2023-05-04
  • Entrepreneurship Research Center on G20 Economies
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  • Premier Li Keqiang had visited to the State Administration of Market Supervision on January 28, issuing a call for the careful implementation of policies aimed at helping market players get out of trouble: stabilizing growth, employment and prices, to ensure that the economic operation remains within an appropriate range, and to strive to develop and increase market players.

    On the same day while visiting the China National Intellectual Property Administration of China under the Market Supervision Bureau, he said that the country adheres to market-oriented reform and continues to deepen reform to streamline the government, decentralize power and improve government services. China also strives to build a world-class business environment that is market-oriented, law-based and world-class. He believed that protecting intellectual property rights meant protecting innovation and the first productivity, and urged to adhere to innovation-driven development, accelerate the transfer and utilization of innovation achievements, and promote industrial upgrading.

    Mass entrepreneurship and innovation have spawned a large number of new industries, new businesses and new models. Li believes that in the stage of gradual recovery of production, the country should maintain a stable policy of tax reduction and cost reduction, such as supporting the upgrading and renovation of key projects and equipment. At the same time, efforts should also be made to promote the recovery of consumption, help enterprises solve the difficulties in the supply of raw materials and financing, and strive to speed up the resumption of work and production after the upcoming Spring Festival holiday.

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  • National University of Singapore
  • Canada-China Institute For Business & Development
  • TusPark Research Institute for Innovation
  • Cross-strait Tsinghua Research Institute
  • Tsinghua X-Lab

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