People look at semiconductors on display at an international expo in Beijing in September of last year. Chinese authorities focused on a policy blueprint to boost the country’s hi-tech development at the annual ‘two sessions’ gathering, which concluded on March 11, 2021. Photo: AP
People look at semiconductors on display at an international expo in Beijing in September of last year. Chinese authorities focused on a policy blueprint to boost the country’s hi-tech development at the annual ‘two sessions’ gathering, which concluded on March 11, 2021. Photo: AP

China ‘two sessions’ 2021: Beijing shifts country’s basic research and development, tech innovation into overdrive

  • The move follows the approval of the country’s 14th five-year plan and Vision 2035 development strategy
  • China will raise tax deductions for research and development expenses of manufacturing firms up to 100 per cent

People look at semiconductors on display at an international expo in Beijing in September of last year. Chinese authorities focused on a policy blueprint to boost the country’s hi-tech development at the annual ‘two sessions’ gathering, which concluded on March 11, 2021. Photo: AP
People look at semiconductors on display at an international expo in Beijing in September of last year. Chinese authorities focused on a policy blueprint to boost the country’s hi-tech development at the annual ‘two sessions’ gathering, which concluded on March 11, 2021. Photo: AP
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