China issues opinions to encourage mass entrepreneurship, innovation

China issues opinions to encourage mass entrepreneurship, innovation - Xinhua The State Council vowed to provide a better environment for popular entrepreneurship and mass innovation by lowering barriers, strengthening public services and encouraging college students, scientists and engineers to start new businesses. China will pilot equity-based online crowd funding and encourage banking and financial institutions to provide loans as financing channels to support small businesses, said the announcement. More than 1,000 investment agencies fund entrepreneurs in China, holding a capital sum of over 350 billion yuan (56.8 billion U.S. dollars), said Wan Gang, minister of science and technology, on Wednesday at a press conference on the sidelines of the national legislature's annual session. Technology deals in 2014 increased 15 percent year on year to hit 857.7 billion, said Wan.http://news.xinhuanet.com/english/2015-03/11/c_134059020.htm?utm_source=The+Sinocism+China+Newsletter&utm_campaign=f32344a024-Sinocism03_12_15&utm_medium=email&utm_term=0_171f237867-f32344a024-29615013&mc_cid=f32344a024&mc_eid=5935182a65

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