ANNOUNCED AS TEMPORARYNo
On the 11 March 2015, China's State Council disseminated an edict, 'Opinion on developing and promoting large-scale innovation and entrepreneurship in business', urging provincial and local governments to put policies in place to encourage synergy between Chinese innovative tech firms in order to keep China's tech industry in its position of global respect. This is to be achieved through the active provision of investments through venture capital firms and public funding, as well as tax breaks for eligible firms.
The opinion has already been implemented in some regional jurisdictions; see related measures.
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