For a long time, direct subsidies have been the main means for local governments in China to develop industries. However, in the current context of anti-globalization, the international division of labor and competition pattern are being deeply reshaped, and China's low-cost competitive industrial development model is unsustainable. In addition, the new round of technological revolution and industrial transformation is accelerating the transformation of traditional industries and the emergence of new industries. China must seize the opportunity to make a change, and the old direct subsidy model of local governments is no longer suitable for the requirements of the new situation.
This article believes that empowering the development of industrial innovation should be the guiding principle, and a comprehensive transformation should be carried out on the use concept, target audience, and implementation form of government funds. We should further promote the high-quality innovative development of China's industries through the four transformations.
1. From fast and profit-oriented to scientific patience, choose the right industry track and focus on the common needs of industries to make efforts.
2. From hardware infrastructure to software ecosystem, focus on providing a public service platform for industrial innovation.
3. From single funding to diversified support, committed to building comprehensive factor guarantee for industrial growth.
4. From stimulating consumption to cultivating the market, focus on creating rich application scenarios for industrial development.


