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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 overall market had fallen since late 2018 and total sales in the first 11 months this year fell 9 percent year-on-year, according to the China Association of Automobile Manufacturers.
China's local governments are also working to attract private capital into cash-strapped strategic emerging industries, which have found it difficult to get bank loans as many start-ups are yet to turn patents and intellectual property into profits.
China's health service provider Health 100 kicks off a program in Beijing on Friday to promote diabetes prevention and control. [Photo provided to chinadaily.com.cn]
China's insurance sector is expected to see double-digit growth this year. [Photo/VCG]
