BEIJING: Chinese Premier Li Keqiang stressed continuous efforts to promote mass entrepreneurship and innovation, and pool wisdom and strengths to nurture market entities and foster new economic drivers.

Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks when addressing the launch ceremony for the mass entrepreneurship and innovation week in Beijing. He also announced the launch of the week.

Speaking highly of the booming development of entrepreneurship and innovation in China, Li noted that new market entities and startups create the majority of the 13 million new urban jobs every year.

“Coupled with reforms to streamline administrative procedures, China’s push for mass entrepreneurship and innovation has nurtured market entities,” Li said.

The country’s market entities have topped 160 million in number, nearly tripling from a decade ago and underpinning China’s market-oriented economy.

Li urged more efforts to continue protecting market entities’ and interests, and to fully implement tax and other favourable measures.

 - Xinhua