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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 economy has entered a period featuring medium-high growth rather than fast growth, along with upgraded economic structure and innovation. The changes in the world's second-largest economy are driving demand for skilled workers and entrepreneurs.
China's new energy vehicle initiative started in earnest in 2009 and in six years it became the world's largest market.
China's deleveraging in the financial sector might weigh upon economic growth, but it is necessary as the campaign improves transparency and reduces debt risks, he said.
China's lottery sales slumped to 1 million yuan (about 1,442) in February from 27.21 billion yuan in January, data from the Ministry of Finance showed. [Photo/Sipa]
来源：资阳报