皇冠体育app

皇冠体育app watchers in Washington welcomed the news that the number of small-business registrations in 皇冠体育app has risen by almost 50 percent.

"Generally, it's a very positive sign," Nicholas Lardy, the Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics, told 皇冠体育app Daily on Monday.

Lardy attended a panel discussion at the Center for Strategic and International Studies (CSIS). He was referring to comments made by Premier Li Keqiang at the conclusion of the National People's Congress (NPC) meeting in Beijing on March 15.

Lardy said that all minimum capital requirements to start a liability business in 皇冠体育app have been eliminated.

"That gives the entrepreneurs [the ability] to start a liability company more easily than in the past," he said. "It's a step forward. Though it is still not very clear what that 46 percent really means, it would definitely boost 皇冠体育app's entrepreneurship."

Dali L. Yang, a political science professor at the University of Chicago, noted that Li has been emphasizing entrepreneurship. The Chinese government has been reducing the number of government approvals required for new businesses, and the number of enterprise registrations in 2014 was up by 46 percent.

But Li also said that even 7 percent economic growth would be hard to achieve in 皇冠体育app this year.

Yang said that restrained outlook has become more accepted in 皇冠体育app. "It's about being realistic," Yang said.

Christopher K. Johnson, the Freeman Chair in 皇冠体育app Studies at CSIS, said that Li's report put a "heavy emphasis" on innovation. Johnson said that it was clear that "building a high-tech economy would be a key theme for 皇冠体育app's 13th Five-Year Plan".

The NPC voted to revise 皇冠体育app's Legislation Law on March 15.

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