双创指数(shuāngchuàng zhĭshù): Index for Mass Entrepreneurship and Innovation

During his recent visit to Chengdu, capital of Southwest China's Sichuan province, Premier Li Keqiang pointed out that related departments should conduct research on the New Economy Index and the Index for Mass Entrepreneurship and Innovation and regard the two indexes as a basis for policymaking.

The Index for Mass Entrepreneurship and Innovation was created by 36 Kr, an entrepreneurship service platform; the China Economy Research Institute, a think tank in Beijing; and the big data mining lab of the Beijing-based University of Chinese Academy of Sciences last year.

The index dynamically reviews the mass entrepreneurship and innovation situation in more than 300 cities in China, taking multiple factors including the environment, talent, capital and vitality into evaluation. It adopts big data mining to process data on enterprises' research, financing, operation, and sales to establish a scientific evaluation system that provides guidance for policymakers, investors and local authorities.

The index shows the most popular cities and industries for mass entrepreneurship and innovation. On the first list of the index released in December, Beijing ranks first among about 300 cities nationwide, and first-tier cities are remarkably superior in entrepreneurship and innovation.