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Premier Li says China to continue supporting innovation, entrepreneurship

(Xinhua)    19:21, September 15, 2017

BEIJING, Sept. 15 (Xinhua) -- Premier Li Keqiang said Friday that China would go further on innovation-driven development and entrepreneurship.

Ahead of National Mass Innovation Entrepreneurship Week, Li issued an instruction saying that mass entrepreneurship and innovation had effectively invigorated the market and stimulated social creativity, accelerated the transition between traditional and new growth engines, promoted equality of opportunities, and increased employment.

"Authorities should continue to implement the new development concept, press ahead with the supply-side structural reform, create a syncretic, collaborative and sharing business environment, maintain fair competition in the market, improve the system of inclusive and prudential supervision,establish a new pattern of development for all enterprises, and promote the development of digital economy and platform economy," the instruction said.

"New industries, growth drivers and human resources will provide strong support for the economic transformation and upgrading," it said.

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