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Premier of the Government of the People's Republic of China

06/14/2019 | Press release | Distributed by Public on 06/14/2019 01:44

2019/06/14 Premier underlines mass entrepreneurship, innovation

HANGZHOU - Premier Li Keqiang called for further boosting mass entrepreneurship and innovation to better stabilize employment, promote innovation and strengthen new growth impetus.

Premier Li made the remarks on June 13 when addressing an activity in Hangzhou, capital city of East China's Zhejiang province, on the country's efforts to promote entrepreneurship and innovation.

Calling mass entrepreneurship and innovation 'important pillars' of China's economic resilience, the Premier said the country can withstand downward economic pressures and maintain long-term economic fundamentals by stimulating market players' vitality and social creativity.

'Mass entrepreneurship and innovation provide strong support for employment,' Premier Li said, noting that the initiative has created broad employment opportunities for Chinese people, especially young people.

Governments at all levels should deepen reform to streamline administrative approvals, delegate power to lower levels and improve regulation and services, the Premier said, adding that they must also improve the business environment and further implement measures to cut taxes and fees on a larger scale.

'Business starters and innovators should carry forward the spirit of entrepreneurship, craftsmanship and professionalism, be down to earth, and start with details in pursuit of excellence to turn their subtle ideas into reality,' Premier Li said, calling on them to win the market with products and services that can be well-received by consumers.

Premier Li Keqiang (2nd R, front), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, attends an activity during the national mass entrepreneurship and innovation week in Hangzhou, capital of Zhejiang province, June 13, 2019. [Photo/Xinhua]