Chinese Premier Li Keqiang has stressed the importance of improved business service for startups while visiting the national market watchdog.
It's the question I face most often from my peers: "What's really driving the Chinese economy?"
People unfamiliar with recent developments within China generally believe that the nation lacks innovation capabilities as well as the infrastructure to support entrepreneurship.
China will lower the bar for Internet startups to enter traditional sectors as the nation acts on the "Internet Plus" strategy to boost the economy, senior officials said on Friday.
Big money, relatively speaking, on offer to workers in China's cities has attracted millions of migrants, but Liu Yongzhen, 29, has decided to return home.
Alibaba, Baidu and Tencent are seeing some of their most talented staff leave to set up or join online startups as venture capital funds move into the market
The State Council has announced policies to encourage migrant workers, and college graduates to return to their rural hometowns and start business.
Authorities will offer several incentives, including tax breaks, to those who want to return to their hometown to start business.
The Chinese government announced initiatives on Friday to help migrant workers, veterans and university graduates establish businesses back in their hometowns.
Government jobs, with steady income, job security and power, are losing lustre as more people opt to become entrepreneurs and seek fortune in starups.
Located in China's technology hub Zhongguancun, more than 140 young companies use Garage Cafe as a place to grow their businesses and meet investors.
China will set up a 40 billion yuan ($6.45 billion) investment fund to support startups in emerging industries, part of government efforts to nurture new growth engines amid the slowest economic expansion in almost 25 years.
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