Study on Financial and Taxation Incentives to Promote Innovation and Entrepreneurship in China

Mass entrepreneurship and innovation are the key to the continued economic and social development in China For long,the nation's financial and taxation policies have been playing an active role in promoting innovation,entrepreneurship and overall social and economic growth in China.This paper makes an analysis of the strengths and weaknesses of the current financial and taxation policies,and explores the opportunities and challenges faced by the current financial and taxation policies.To cultivate a sound environment across China for sustainable innovation and entrepreneurship,it calls for a multi-layered financial and taxation incentive mechanism featuring dynamically monitored taxation policies on hi-tech enterprisos,more favorable tax incentives for medium-and small-enterprises.

Mass entrepreneurship and innovation are the key to the continued economic and social development in China. For long,the nation＇s financial and taxation policies have been playing an active role in promoting innovation,entrepreneurship and overall social and e-conomic growth in China. This paper makes an analysis of the strengths and weaknesses of the current financial and taxation policies,and explores the opportunities and challenges faced by the current financial and taxation policies. To cultivate a sound environment across China for sustainable innovation and entrepreneurship,it calls for a multi-layered financial and taxation incentive mechanism,featuring dynamically monitored taxation policies on hi-tech enterpri-ses,more favorable tax incentives for medium- and small-enterprises.