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China had less than 500,000 business entities 40 years ago when it initiated reform and opening-up.
China has intensified the clampdown on IPR infringements to better protect parties' rights and interests. Nationwide, Chinese courts concluded 288,000 IPR cases of first instance in 2018, marking a year-on-year increase of 41.8 percent.
China has abundant venture capital to fund vast amounts of research. With massive infrastructure projects like the Greater Bay Area, China is gradually building its own innovation cluster, Forbes said.
China has extended subsidies for new energy vehicles until 2022, and such vehicles will remain exempt from purchase taxes for another two years as well.
China has closed many old plants and merged hundreds of producers in pursuit of efficiency, and to cut overcapacity.
来源：资阳报