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China's CAGR (compound annual growth rate) of venture investment in innovation has been up to 41 percent since 2012. Unlike in the US, where financing in innovative industry mainly relies on venture capital, multiple Chinese technology enterprises make a great deal of investment in internet and AI with their own funds. This establishes a relatively loose financing environment for the development of domestic innovative industry.
China will simultaneously press ahead with multiple tasks focused on "standards, research and development, and tests" this year, Zhang Feng, chief engineer of the Ministry of Industry and Information Technology (MIIT), said at a press conference.
China will further enhance governance capacity, improve socialist democracy and the rule of law, and demonstrate social fairness and justice. The national administrative system will be perfected, the role of the government will be better played, and the administrative efficiency and credibility will be significantly strengthened.
China willing to expand two-way opening-up, deepen win-win cooperation, premier says
China will strengthen cooperation with relevant countries and regions in cross-border law enforcement and fight against online copyright infringement and pirates, he added.
来源：资阳报