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China's foreign trade enterprises have been boosted by a series of tax deduction policies, ensuring the smooth operation of the foreign trade industry supply chain, Sina Finance reported on Friday.

China's innovation and entrepreneurship initiatives began in 2014. Last month, the State Council, China's Cabinet, released a guideline that the government will encourage State-led investments as well as private investments in startups, especially those in the high-tech sector, to help finance innovation.

China's economy has remained in firm shape this year, expanding 6.7 percent in the first three quarters and on track to meet the government's annual target of around 6.5 percent.

China's newly added renewable energy installed capacity accounts for 40 percent of the global growth, according to Nur Bekri, head of the National Energy Administration.

China's foreign trade rose 14.2 percent year-on-year in 2017, ending two years of drops, the General Administration of Customs said Friday.