Startups to gain government funds
By Hu Yongqi | China Daily | Updated: 2017-07-28 08:45
State Council says the tech sector will be main beneficiary of change
China will encourage State and private investment in business startups, especially those in the high-tech sector, to help finance new business and innovation, according to a State Council guideline released on Thursday.
The country will establish subsidiary funds to invest in startups, according to a guideline on promoting the innovation-driven strategy and mass entrepreneurship.
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