ReturnChina's latest revision to the Law on Progress of Science and Technology is encouraging local governments to buy domestic innovative products and services that enter the market for the first time, as part of a broader push to encourage innovation and boost scientific vitality.
According to the latest revision, government procurement plans should buy scientific and technological products and services developed by domestic natural persons, legal persons, and unincorporated organizations, provided that their functions and qualities can meet the requirements of governments.
And governments should give first consideration to buying these products that enter the market for the first time.
The revised Law on Progress of Science and Technology was passed by the Standing Committee of the National People's Congress, China's top legislature, last week.
The revised law will take effect on Jan, 1, 2022.
