China 台中通馬桶issues opinions to encourage mass entrepreneurship, innovation
BEIJING, March 11 (Xinhua) -- China's State Council has issued opinions to instruct the public on entrepreneurship and innovation, according to an announcement Wednesday.
Mass entrepreneurship and innovation are important for implementing a new growth strategy as China enters a "new normal" phase of slower growth.
China needs to develop the "twin engines" of popular entrepreneurship and mass innovation, alongside increased supplies of public goods and services to drive development, Premier Li Keqiang said in the government work report at the 2015 National People's Congress annual session.
The State Council vowed to provide a better environment for popular entrepreneurship and mass innovation by lowering barriers, strengthening public services and encouraging college students, scientists and engineers to start new businesses.
China will pilot equity-based online crowd funding and encourage banking and financial institutions to provide loans as financing channels to support small businesses, said the announcement.
More than 1,000 investment agencies fund entrepreneurs in China, holding a capital sum of over 350 billion yuan (56.8 billion U.S. dollars), said Wan Gang, minister of science and technology, on Wednesday at a press conference on the sidelines of the national legislature's annual session.
Technology deals in 2014 increased 15 percent year on year to hit 857.7 billion, said Wan.
China has 115 university science parks and over 1,600 technology business incubators, which help startup technology companies develop by providing services such as management training or office space, said Wan.
These incubators and science parks are incubating over 80,000 enterprises and hiring 1.7 million employees.
It is important to let the market play a decisive role in resource allocation, 住宅化糞池清理Wan added.
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BEIJING, March 11 (Xinhua) -- China's State Council has issued opinions to instruct the public on entrepreneurship and innovation, according to an announcement Wednesday.
Mass entrepreneurship and innovation are important for implementing a new growth strategy as China enters a "new normal" phase of slower growth.
China needs to develop the "twin engines" of popular entrepreneurship and mass innovation, alongside increased supplies of public goods and services to drive development, Premier Li Keqiang said in the government work report at the 2015 National People's Congress annual session.
The State Council vowed to provide a better environment for popular entrepreneurship and mass innovation by lowering barriers, strengthening public services and encouraging college students, scientists and engineers to start new businesses.
China will pilot equity-based online crowd funding and encourage banking and financial institutions to provide loans as financing channels to support small businesses, said the announcement.
More than 1,000 investment agencies fund entrepreneurs in China, holding a capital sum of over 350 billion yuan (56.8 billion U.S. dollars), said Wan Gang, minister of science and technology, on Wednesday at a press conference on the sidelines of the national legislature's annual session.
Technology deals in 2014 increased 15 percent year on year to hit 857.7 billion, said Wan.
China has 115 university science parks and over 1,600 technology business incubators, which help startup technology companies develop by providing services such as management training or office space, said Wan.
These incubators and science parks are incubating over 80,000 enterprises and hiring 1.7 million employees.
It is important to let the market play a decisive role in resource allocation, Wan added.
Related:
Xinhua Insight: Innovation encouragement brightens economic prospect
BEIJING, March 10 (Xinhua) -- A major breakthrough of a Chinese team in quantum physics might lead to destructive innovation in information technology and related industries, dishing out a secure and flawless alternative of communication for human beings.? Full story
China Focus: China innovation index up 3.1 pct in 2013
BEIJING, March 2 (Xinhua) -- The China Innovation Index (CII), which measures innovation capability, rose 3.1 percent to 152.8 in 2013, the statistics authority said Monday.? Full story
China Focus: "Internet Plus" to fuel innovation, development
BEIJING, March 6 (Xinhua) -- The notion of "Internet Plus" mentioned by Premier Li Keqiang on Thursday has drawn wide attention, as many see it as a sign of the government's increasing emphasis on the Internet industry. Full story
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