Public Finance Policy and Technological Innovation in China

Technological innovation is the core power to promote economic growth, and public financial policy plays an important role in stimulating enterprises to carry out technological innovation. The new technological revolution has not only provided opportunities but also posed serious challenges to developing countries. We must adapt to the development trend of the new technological revolution, change the traditional model of economic development, formulate new development strategies, improve existing public policies, constantly raise the level of science and technology, and embark on the road of making China a technologybased country. By analyzing the relationship between technological innovation and public financial policy, this paper draws out the shortcomings of China’s existing fiscal policy in promoting technological innovation, and makes a comparative analysis of the fiscal policy of the United States and draws on its experience, so as to get the technical innovation suggestions under China’s public financial policy.