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China's entrepreneurship and innovation are driven by cooperation among different market entities. We have built open and sharing platforms of mass entrepreneurship and innovation, where innovation players of various kinds interact online and offline. Pooling their wisdom and efforts has made entrepreneurship and innovation more efficient, less costly and faster. The Global Innovation Index 2017 issued by the World Intellectual Property Organization and others a few days ago put China at 22nd place, 13 spots higher from 2013 and topping the middle-income economies. China's entrepreneurship and innovation have delivered benefits to all. The Chinese government has adopted an accommodating and prudent regulatory approach toward new industries, new business forms and models, such as e-commerce, mobile payment and bike-sharing, which have enabled their fast and healthy development. As a result, people's lives are made more convenient and a large number of jobs are created. Of all the new jobs created last year, about 70% were contributed by new growth drivers.
China's consumer price index, a major barometer of inflation, rose 2.1 percent year-on-year in July, exceeding expectations of 1.9 percent but staying well within the government's preset annual target of "around 3 percent", according to data from the National Bureau of Statistics released on Thursday.
China's high-quality economic development requires a higher level of consumption. For instance, consumption behaviors like eating wild animals should be strictly prohibited.
China's foreign direct investment (FDI) totaled 242.28 billion yuan in the first quarter of this year, up 6.5 percent year-on-year, the Ministry of Commerce said Thursday.
China's development over the past 70 years has been supported and helped by friends from all over the world, Huang said, adding that he appreciated their contributions in discussing China and enhancing the country's communications with the world.
