China to Foster High-Tech Start-Ups

China will establish more than100 high-tech start-up service centers in accordance with international standards over the next five years as part of its efforts to promote new and high-tech industries.

Chinese Vice-Minister of Science and Technology Xu Guanhua said this will bring the total number of high-tech start-up service centers in the country to about 200.

According to Xu, a series of policies will be implemented to create a more favorable environment for the development of these centers.

Universities and research institutes are encouraged to set up high-tech start-up service centers, Xu said.

China has established about 100 such centers over the past decade, which have helped create more than 1,300 high-tech enterprises. These enterprises now employ 140,000 people, with annual revenues amounting to 10 billion yuan. (Xinhua)


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