Abstract: From the perspective of economic principles, the government’s support of innovative enterprises in the form of industrial policies can help them reduce innovation risks. China's policy system in support of enterprise innovation roughly involves fiscal policies, tax policies, financial policies, and supporting policies at the local level, etc. All these policies have developed into inclusive policies and have overall remarkable effects. They were usually introduced during periods of rapid economic growth. How to carry out policy innovation in the high-quality development stage deserves further in-depth discussion, and policy formulation needs continuous evaluation and improvement, especially the supporting strategies that differentiate between all types of enterprises (e.g. large enterprises and small and medium enterprises (SME)) and industries (e.g. traditional, emerging, and future industries).
