The state level high-tech industrialization base, national key laboratories, venture capital investment institutions are keeping good growth momentum;

国家级高新技术产业化基地、国家重点实验室、风险投资机构等发展势头良好；

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Some 57% of venture-capital investment comes from overseas, and 31% from financial institutions and neither of these groups pays capital-gains tax.

ECONOMIST: The government and entrepreneurs