China to launch 3rd batch of demonstration bases for mass entrepreneurship

As part of an effort to propel reform, enhance growth impetus and stabilize employment, China is going to launch the third batch of demonstration bases for mass entrepreneurship and innovation.

According to a circular issued by the State Council, China’s cabinet, the country under the project, will build 92 demonstration bases in designated areas, enterprises, universities and research institutes. Adding further, the circular urged the related platforms to initiate support for these demonstration bases.

With this, China aims to develop these into platforms for entrepreneurship and employment to further make them pioneers of integration and innovation. The country, with this move, also aims to extend help to micro, small and medium-sized enterprises to let them become significant sources of innovation so that they focus on deepening open and innovative cooperation to construct a global platform.

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