Policy

China to explore new models to encourage innovation and entrepreneurship

BEIJING
2015-10-19 21:35

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China will explore new models to boost innovation and entrepreneurship, Chinese Vice Premier Zhang Gaoli said on Monday.

In response to the "new normal," economic trend, the central government will improve and broaden innovation and mass entrepreneurship to steer the economy toward a more sustainable long-term path, said Zhang during a speech at a innovation and mass entrepreneurship forum.

Entrepreneurship and innovation have unlocked people's creativity and entrepreneurial passion, which are becoming an engine to power economic growth, he said.

The central government has announced a wide range of measures for emerging businesses, including financial support, supporting infrastructure and administrative assistance.

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