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Hailing the development of their relationship since the two countries established diplomatic ties in 1992, Li called on people from all walks of life in China and the ROK to get involved in exchanges and cooperation.

As a result, every day, over 10,000 new enterprises are being set up, and surveyed unemployment rate has been kept at 5 to 5.1 percent.

BEIJING, Aug. 18 (Xinhua) -- Chinese Vice Premier Zhang Gaoli on Tuesday met with UN Secretary-General Ban Ki-moon's special envoy for cities and climate change Michael Bloomberg in Beijing.

"China is a most desirable and reliable long-term partner for DR Congo 's modernization and industrialization," Chinese Foreign Minister Wang Yi told his DR Congo counterpart, Raymond Tshibanda.

Mass entrepreneurship and innovation is a strong power driving development. Creativity of the people is the greatest asset for development. China has a labor force of 900 million and over 7 million people graduate from college every year, with more and more of them joining the ranks of entrepreneurship and innovation. This has led to new supply and demand, and could well count as a major factor in keeping growth stable. Mass entrepreneurship and innovation means more employment. Though growth is moderating, more jobs are being created because new market entities keep emerging. Measures to streamline administration, delegate government power and reform the business system have enabled new businesses to get started. For the past one and a half year, over 10,000 new businesses have been registered on a daily basis in China, and the momentum is still growing, creating a lot of jobs in the process. Mass entrepreneurship and innovation gives impetus to developing a sharing economy. The sharing economy that is now thriving on a global scale opens a new way to driving economic growth. Entrepreneurship and innovation through sharing and collaboration lower the threshold and costs and increase the speed of doing business. This opens up space for developing the sharing economy in China and may get a lot of people involved. Mass entrepreneurship and innovation represents an innovative step in the income distribution model. With tens of thousands of people earning more through innovation and starting up businesses, primary distribution gets to play a bigger role. A distinct Chinese model of wealth creation through hard work and mass participation is now taking shape. And this will help put in place a more equitable distribution pattern. Mass entrepreneurship and innovation is effective in promoting social justice. As long as they are willing and capable, all people could establish themselves and lead a promising life through innovation and entrepreneurship. They could all have an equal chance for development and for moving up the social ladder, and could all enjoy a life of purpose and dignity.