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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 official manufacturing purchasing managers' index (PMI) increased by 0.5 percentage point to 51.9 in May, the highest since September 2017, suggesting solid production activity, the report said.
China's economy expanded 6.9 percent in the first quarter of the year, up from the 6.8-percent growth in the previous quarter and 6.7 percent for 2016. The government has targeted annual growth of around 6.5 percent for 2017.
China's non-manufacturing sector expanded at a faster pace in September. [Photo/IC]
China's foreign exchange reserves climbed to .0091 trillion at the end of March, according to statistics from the People's Bank of China. This was the first time the reserves expanded for two consecutive months since April 2016.
来源：资阳报