These new businesses have generated more than 10 million jobs, and have become a new pillar of China’s economic growth thanks to their strong growth prospect. We have not only lowered the threshold of market access by offering much-needed policy support to these newly-established businesses, but also enhanced on-going and ex-post oversight, created a market environment featuring fair competition, and improved the social security network, so that those involved in entrepreneurship and innovation will have no additional worries and will grow healthily on the land we have fostered for them.
