China to reinforce support for mass entrepreneurship and innovation

Source: Xinhua Published: 2020/8/2 17:48:40

Visitors interact with a robot at a services trade fair in Beijing. Photo: IC

China will take a number of measures to improve the leading role of demonstration bases in mass entrepreneurship and innovation to further stabilize employment and enhance growth.

The country has vowed to develop demonstration bases in important platforms for entrepreneurship and employment, pioneers of integration and innovation, and important nodes for global entrepreneurship, according to a guideline released by the State Council, China's cabinet.

The guideline urged efforts to implement relief policies for start-up businesses and to improve services for promoting work and production resumption of start-up and innovation firms, while strengthening financial support for entrepreneurship and innovation.

To facilitate an increase in employment through entrepreneurship, the guideline called for a reinforcement of policy support for businesses started by people returning to or moving to the countryside and improving the skills of college students in innovation and entrepreneurship.

Meanwhile, large companies and various entities in demonstration bases were encouraged to make contributions to the creation of job opportunities.

The guideline also stressed the importance of the integration of firms of various scales, coordination of production, education and research, and cooperation between different types of demonstration bases to catalyze innovation.

China will facilitate the establishment of bilateral and multilateral platforms for entrepreneurship, support demonstration bases to promote opening-up, and encourage international cooperation to ramp up global entrepreneurship, said the guideline.



Posted in: INDUSTRIES

blog comments powered by Disqus