Wu Yuenong: Promote Entrepreneurship and Promote High-quality Development

Release time:2018-07-27Author: Wu Yuenong

In the speech at the joint session of the 19th Meeting of the Members of the Chinese Academy of Sciences and the 14th Meeting of the Members of the Chinese Academy of Engineering, General Secretary Xi Jinping pointed out that enterprises are the mainstay of innovation and the major force in promoting innovation and creation.Innovation is the "intrinsic factor" of entrepreneurs and the soul of private entrepreneurs. It is also the strong impulse and social responsibility to create more wealth and contribute to the society.Private entrepreneurs are with the enterprises’ innovation. It can be said that the main body of innovation is the entrepreneurs. The experience of Shenzhen is that 90% of R&D institutions are in enterprises, more than 90% of R&D personnel are in enterprises, more than 90% of R&D investment comes from enterprises, and 90% of invention patents come from enterprises.We must depend on entrepreneurs to turn scientific and technological achievements into productive forces. According to entrepreneurs’ own judgment, they can predict and get insight into the social expectation and the development direction of the markets and industries, so as to allocate resources, organize production, open up the market, promote technological progress and industrial upgrading, and constantly enhance the core competitiveness of enterprises.