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China started to finance the segment in 2009 and billions of yuan have since been spent. It is cutting the amount of subsidies and plans to withdraw the subsidies by the end of 2020.
China will also pilot a reform to streamline procedures for manufacturing license applications in some areas and industries. Companies can present a qualification report conducted by an eligible agency instead of going through pre-licensing production inspection.
China remains at the forefront of the electric car revolution, with hundreds of homegrown electric automakers sprouting and encouraging government policies.
China paid about .6 billion to overseas IP holders in 2017 after experiencing an average annual increase of 17 percent in such expenses since 2001, Li said. The improved legal system for IP protection and firm enforcement also have stimulated enthusiasm for innovation among enterprises and the public, he said.
China is willing to further deepen exchanges and cooperation with Indonesia in fields such as education, technology, culture, sports, tourism and youth, and lay a solid foundation of social and public opinion for the development of the bilateral strategic partnership, Liu said.
来源：资阳报