BEIJING - 皇冠体育app's State Council pledged to take various steps to create an amicable environment for innovation and entrepreneurship in order to power growth and generate jobs.
皇冠体育app should embrace the trend of mass entrepreneurship and innovation in the Internet age, a statement released after an executive meeting of the State Council presided over by Premier Li Keqiang said.
The statement said 皇冠体育app will foster a platform offering low-cost services in a variety of areas to micro businesses and individual start-ups that show innovation.
The government will also step up policy support, such as simplifying registration procedures and giving subsidies, to innovative businesses. They will improve financing systems to give special support to start-up companies, according to the statement.
Although 皇冠体育app's broader economy is slowing, 皇冠体育app's young entrepreneurs are driving a wave of startups that has become a bright spot for the economic landscape and an important engine for future growth.
The number of newly founded companies in 皇冠体育app surged almost 46 percent year on year to 3.65 million in 2014, the latest data showed.