China'S Economic Growth Is Slowing, But Domestic Entrepreneurial Enthusiasm Has Risen Against The Market.

Bloomberg quoted the latest UHY international report from London consulting firm. Since 2010, the number of start-ups in China has increased by nearly 100% per year, reaching 161 000 by 2014.

This rate is almost two times that of the second in Britain, and far higher than that in the United States.

Wall Street has previously mentioned that on May 1, labor day, the State Council issued a notice, saying that

With the development of the new normal, the total employment pressure still exists, and structural contradictions become more prominent.

Public entrepreneurship and innovation are the ways to enrich the people and strengthen the nation.

In June this year, the State Council issued relevant opinions on promoting mass entrepreneurship, and pointed out that

Innovation is the source of power for development, and also a way to enrich the people, a fair plan and a powerful nation.

Opinions again stressed that we should increase financial support and co-ordination efforts, co-ordinate arrangements for all kinds of funds to support small and micro enterprises and entrepreneurial innovation, increase support for entrepreneurial innovation, strengthen capital budgeting implementation and supervision, and strengthen performance evaluation of capital use.

Support qualified local governments to set up venture funds to support entrepreneurship, innovation and development.

For entrepreneurship, the State Council said it should be relaxed and convenient.

。

At the same time, we should broaden the channels of venture investment and financing.

We should use fiscal and taxation policies to support venture capital, venture capital and angel investment.

We should use the market mechanism to guide social capital and financial capital to support entrepreneurial activities and expand the scale of venture capital.