An innovation and entrepreneurial spree has swept China since last year’s “two sessions”, the annual sessions of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC). Data indicated that the country is now outpacing the rest of the world in creating new start-ups.

Statistics from UHY, a London-based consultant agency, showed that the number of newly established firms totaled 1.61 million in 2014, growing by nearly 100 percent every year since 2010. The growth rate is twice of that of the UK, and also far faster than that of the US, the report said.

China’s policies to encourage entrepreneurship and innovation contributed to such a thriving entrepreneurial boom.

It is reported that Chinese Premier Li Keqiang requested to include the strategy of “mass entrepreneurship and innovation” in the government work report last year.

At present, the Chinese government is stimulating market players by streamlining administration procedures, and at the same time creating a favorable macro-environment by launching such strategies as “Internet+,” which means the application of the internet and other information technology in conventional industries.

Plenty of platforms serving those early-stage entrepreneurship, known as maker spaces, are sprouting up nationwide. Those platforms, acting as incubators, can provide the start-ups with one-stop services covering work space, registration guidance, legal consultancy service and technology support.