Shanghai's innovation trend

The Shanghai government recently published a series of concrete measures to accelerate its building into a globally influential center for technological innovation.

The 22 measures, a reflection of Shanghai's intensified efforts to simplify administrative procedures and delegate power to lower levels of government, as well as its innovative approach to institutional reforms and creations in science, education, fiscal, taxation, and financial areas, are a road map and a timetable for technological innovation.

Some intellectual and technological circles have long complained of redundant administrative approval procedures for the conversion of research fruits into practical use. Studies indicate the unreasonable returns from research, the failure to adapt the government management system to market conditions, as well as the lack of a marketized input mechanism and a sound industrial and innovation chain, are hindering the country's innovation efforts.