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For China to advance structural reform, it is important to unleash the infinite creativity of the people. At last year's Summer Davos, I raised the idea of mass entrepreneurship and innovation. This in fact makes a major part of China's ongoing structural reform and adjustment. Measures have been taken to streamline administration, delegate government power, strengthen regulation and improve services. Steps have also been taken to cut taxes and fees for small and micro enterprises, establish investment funds to guide entrepreneurship, and promote the "Internet +" and "Made in China 2025" strategies. Consequently, the people's creativity and entrepreneurial passion have been unlocked, and a massive wave of entrepreneurship and innovation is sweeping across the country. Those involved include both people at the grass-roots and high-calibre professionals, from college graduates, migrant workers and returned overseas students to researchers, technical experts and senior managers. There are various platforms for entrepreneurship and innovation, which attracts both small and micro companies as well as big corporations. Platforms such as crowd innovation, crowd outsourcing, crowd support and crowd funding have been set up, changing the way of production and management. It allows employees within the company to get rewards in addition to their salary by sharing their creative ideas on-line. It also gives opportunity to makers outside the company to take part in innovation and share the benefits. As a result, a large group of micro businesses have been incubated, and collaborations among research institutions through the Internet have made their innovation more efficient.

Giant SOEs administered by SASAC are also expected to go through massive M&A but the guideline did not give any details.

Xi made the remarks while addressing a gathering to commemorate the 70th anniversary of the victory of Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War.?? Full story

VIENNA, Sept. 14 (Xinhua) -- The development of nuclear energy is shifting increasingly toward Asia with China playing a central role, Director General of the International Atomic Energy Agency (IAEA) Yukiya Amano said on Monday.

Representatives from Lawyers group supporting victims from poison gas weapons and China Foundation For Human Rights Development attended the inaugural ceremony of the "Japan-China future peace fund" in the Tokyo Bar Association building.