China to create 40-bln-yuan fund to spur innovation

[Yizhi]

China to create 40-bln-yuan fund to spur innovation

BEIJING, Jan. 14 (Xinhua) -- China's State Council on Wednesday announced it would create a 40 billion yuan (6.54 billion U.S. dollars)capital fund in its latest effort to spur innovation.

The government-initiated scheme aims to eventually attract social capital investment, according to a statement released after an executive meeting of the State Council presided over by Premier Li Keqiang.

After an open bidding process, several fund management companies will be selected to manage the fund and be given the authority to make investment decisions.

The initiative intends to boost industrial development and optimization.

Wednesday's meeting also pledged to promote service trade growth, with the gradual opening up of the finance, education, culture and healthcare industries, the statement concluded.

China to create 40-bln-yuan fund to spur innovation - Xinhua | English.news.cn

 

[Yizhi]

China accepts more invention patent applications
China accepts more invention patent applications - Xinhua | English.news.cn

BEIJING, Jan. 15 (Xinhua) -- China accepted about 928,000 invention patent applications in 2014, some 103,000 more than in 2013, the State Intellectual Property Office (SIPO) said on Thursday.

SIPO director Shen Changyu said invention patent applications accounted for 39.3 percent of all patent applications last year, compared with a 34.7 percent in 2013.

China grants patents for three major categories: invention, utility model and design.

Invention patent application growth slowed from 26.3 percent in 2013 to 12.5 percent in 2014, according to Shen.

Growth in invention patent applications is moderating, but its share in total patent applications is rising, said Shen.

The director said the SIPO will step up law enforcement in 2015 and put more efforts in intellectual property protection.

 

[Kyle Sun]

I am surprised by this.
it would be cheaper just to train Super Hackers

Train hackers like Sonwden ?

 

[magic-007]

I am surprised by this.
it would be cheaper just to train Super Hackers

I am surprised by your words , i don't know some arrogant American friends still are so ignorant now,sorry.

 

[sword1947]

I am surprised by your words , i don't know some arrogant American friends still are so ignorant now,sorry.

you know, they always feel better than they really are