Since China's reform and opening up in 1978,its high-tech industry has grown rapidly and become the main engine of economic and social development,with its industrial scale ranking top three in the world.It attributes to various efforts made by the country,such as great attention paid to the development of high-tech industry,unswerving reform,opening up and development policy,and a series of sound fiscal and taxation policies.At present and in the future,China is transforming from a big developing country to a powerful nation.With new situations and tasks arise,we must carried out further reform and opening up and adjust fiscal and taxation policies,investment and financing policies,as well as industrial and technical policies.