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China's online literature industry suffers an average annual loss of over 5 billion yuan (about 6 million) due to piracy, industry data showed.

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 largest online travel agency Ctrip has made available red packets containing foreign currency on its brick-and-mortar stores and online platform ahead of the Spring Festival this year.

China's iron and steel enterprises are increasingly tapping overseas markets, especially countries and regions involved in the Belt and Road Initiative, for new growth opportunities.

China's online celebrity industry expanded in 2017 and social media personalities are becoming even more skilled at converting their influence into cash, a report said.