Developing China's science and technology in an inclusive way

Whatever the result of the trade dispute with the United States, China must do a good job when it comes to the growth of its own economy and the development of its own science and technology.

Which is why President Xi Jinping said on Monday that a company can hardly produce competitive products and succeed in the fierce global competition unless it has independent intellectual property rights.

And this is why the Ministry of Finance issued policies on Wednesday to exempt enterprises engaged in the design of integrated circuits and software production from paying tax on their revenue for the first two years in which they start to make a profit, and 50 percent in the following three years.