China announces new measures to support domestic tech startups

China has recently unveiled a set of new policy measures aimed at supporting domestic technology startups, focusing on innovation, employment, and long-term economic growth. The initiative includes easier access to funding, tax relief for early-stage companies, and government-backed research support, particularly in areas like artificial intelligence, semiconductors, and green technology. Officials stated that the move is intended to boost confidence among young entrepreneurs and strengthen China’s self-reliance in high-tech industries. Market analysts see this as a push to energize the startup ecosystem amid global economic uncertainty and rising international competition.