Li Keqiang: Mass entrepreneurship and innovation is flourishing

Source: Xinhua| 2017-09-12 16:40:21|Editor: ZD
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BEIJING, Sept. 12 (Xinhua) -- On September 12, Premier Li Keqiang hosted the "1+6" Roundtable with heads of major international economic institutions in Beijing.

Premier Li noted that China's biggest strength for development lies in its rich human resources. The 1.3 billion Chinese people, of which over 900 million are in the labor force and over 170 million have received higher education or acquired specialized skills, represent an infinite source of entrepreneurship and innovation. We have launched a mass entrepreneurship and innovation initiative across the country, which greatly unleashed market vitality and social creativity. Since 2014, 14,000 new businesses have been registered on a daily basis and the number has topped 16,000 since the start of this year. Seventy percent of these new businesses have been active, giving a strong boost to job creation. Importantly, not only individuals and small and micro enterprises have joined the initiative, but many big companies have as well, contributing to integrated development between businesses of various sizes.