High-tech firms hail supportive measures

The tax reduction and capital support policies for nonpublic enterprises' technological projects are encouraging, said Zhang Yunfei, founder and chairman of Yunzhou Technology, a leading Chinese maker of unmanned surface vessels in Zhuhai, Guangdong province.

Yunzhou Technology has undertaken and heavily invested in a number of national-level technological projects, Zhang said, adding the projects usually feature a long investment return cycle.

Massive tax reductions and financial support for nonpublic enterprises' key technological projects are encouraging those firms to invest more in scientific research and innovation, which would help to advance the nation's industrial upgrade, he said.