Fostering Innovation.docVIP

Fostering Innovation 　　In the past 35 years， China has made tre-mendous achievements in innovation. Now the country’s innovation-oriented development is heading for a “deep-water” phase， with both opportunities and challenges ahead. China must make innovations more scientific and effective in the future. 　　The establishment of market economy in China has laid the foundation for promoting innovation. Competition based on market rules has forced state-owned enterprises （SOEs） to gain vigor， and a large number of privately owned enterprises （POEs） have come into prominence. 　　Making full use of