The State Council executive meeting on Feb 17 focused on a work report on the implementation of the National People’s Congress (NPC) motions and Chinese People’s Political Consultative Conference (CPPCC) proposals in 2015 and policy measures for the commercialization of scientific and technological research achievements.

During the meeting, Premier Li Keqiang heard how proposals from the NPC and the CPPCC were implemented.

Since March 2015, 8,001 motions and 4,809 proposals were implemented by the State Council, making up 97.1 percent and 96.5 percent of the total respectively. The meeting said that hearing motions and proposals serves as a good way of improving the nation’s economic development and improving social management, and calls for better efficiency in implementing proposals during this year’s two session, which will take place in March.

The meeting noted that the government will further relax regulation on the commercialization of scientific and technological research achievements from national research institutions to enterprises. The process will no longer need to be approved by government level departments.

Measures will be implemented to encourage such commercialization.

First, national research institutes and universities will have the right to commercialize their research findings to enterprises without national level approval. The policy encourages more scientific research achievements to be sold to small- and medium-sized enterprises, and calls for setting up special organizations to be in charge of such commercialization.

Second, all profits earned through such commercialization will go to research producers.

Third, at least 50 percent of such commercialization will go to major researchers.

Fourth, researchers are allowed to work with enterprises who buy their research findings for a maximum three years while keeping their position at the research body in order to help enterprises better implement research achievements.

Fifth, the commercialization of research discoveries will be included in the evaluation system of institutions and universities.

Such measures aim to accelerate the realization of scientific and technological achievements into productivity, an effort pushing forward the country’s innovation driven strategy as well as its structural reform from the supply side.