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China will roll out new policies to boost entrepreneurship and innovation, with a special focus on employment and business startups by college graduates and other key groups, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China will raise the threshold of personal income tax and create expense deductions for items like children's education and treatment for serious diseases, Premier Li Keqiang said in the Government Work Report delivered to the first session of the 13th National People's Congress.

China will step up protection of property rights to provide sustained impetus for economic development, according to a decision made at the State Council executive meeting chaired by Premier Li Keqiang on Wednesday.

China will ensure adequate fiscal funds and sustain supportive measures to boost poverty alleviation achievements in the country before moving onto rural revitalization goals, senior officials said on Wednesday.

China will encourage consumers to upgrade their smartphones into 5G-enabled devices. [Photo/Sipa]