ZCZC
BCN-28
CHINA-GROWTH-EMPLOYMENT
New growth drivers contribute to 70 pct of new employment: report
BEIJING, Oct. 15 (BSS/Xinhua) – New growth drivers fostered by mass
entrepreneurship and innovation have contributed to about 70 percent of
China’s new jobs, the country’s top economic planner said Sunday.
Mass entrepreneurship and innovation have provided important support to
stabilize and boost employment in China, said the National Development and
Reform Commission (NDRC) in a report on China’s mass entrepreneurship and
innovation in 2017.
By the end of 2017, there were 21.8 enterprises per thousand people, and
the total number of enterprises in China rose 16.9 percent year on year to
30.34 million, according to the report.
The report said newly-registered enterprises in emerging industries,
including modern manufacturing, service trade involving education, science
and technology, saw a faster increase.
Since 2015, the government has introduced a host of incentives to advance
mass entrepreneurship and innovation initiative to a higher level and wider
scope.
These efforts have delivered tangible results. With improved environment
and diversified entities of innovation and entrepreneurship, a large number
of outstanding entrepreneurial teams have come to the fore, and a group of
innovation-driven companies have achieved fast growth. The first half of 2018
saw a daily average of 18,100 new businesses registered.
Guidelines released by the State Council last month said China would
further develop mass entrepreneurship and innovation, with a better business
environment and lower corporate costs.
BSS/XINHUA/HR/1456