From the Readers
Boost new industries
(China Daily)
Updated: 2011-02-17 09:35
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Comment on "Boosting the private sector" (China Daily, Feb 12)
There should be a proper national policy, such as tax exemptions for pioneer industries and businesses for a certain period as incentives to start new high tech industries. The government should also establish a center for these industries' research and development. Authorities can also establish more overseas trade shows, delegation and venture capital for private companies to participate in and capture new markets. Policies such as preferences to buy local products and higher taxes on imported products that are practiced in other countries can also be adopted.
Fred, on China Daily website
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