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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 forex reserves rose for the eighth month in a row in September to .1085 trillion, the highest level since October 2016.
China's door will open even wider than it has been over the past 40 years, the premier said.
China's non-financial outbound direct investment surged 24.1 percent year-on-year in the first quarter this year, as stringent controls have reined in domestic companies' irrational buying spree, the Ministry of Commerce said.
China's outbound FDI, however, dropped sharply in the first two months of 2017 as Chinese regulators set stricter rules to crack down on irrational or illegal outbound investment activities amid mounting pressure of capital outflow.