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May 25, 2019

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Preferential policies to encourage enterprise growth

Hebei also provides policy support to science and technology innovation.

The provincial authority issued its “Opinion on Deepening Scientific and Technological Reform and Innovation and Promoting High-Quality Development” in January to boost the development of cutting-edge and gap-filling technologies, set up Hebei Industrial Technology Research Institute, and build an international scientific and technological achievements exhibition and trading center.

The document gives team leaders of sci-tech projects greater power in decision-making, provides more support to technicians, and enhances inclusive policies for innovative businesses.

A year ago, Hebei published its three-year (2018-2020) action plan for scientific and technological innovation, focusing on the promotion of scientific and technological innovation, cultivation of innovative enterprises, promotion of coordinated Beijing-Tianjin-Hebei innovation, the support for innovative talent, institutional reforms, and the optimization of the environment for innovation and entrepreneurship.

And a seven-year plan for science and technology innovation at the county level is Hebei’s latest answer to unbalanced development at the grassroots and to building more innovative cities and towns.


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