In light of Alibaba’s success story, the chief administrative authority of the People’s Republic of China, the State Council, is looking to boost entrepreneurship and attract venture capital funds to lift Chinese startups.
On March 11, the State Council issued a call for ministries and local governments to support innovation and startups, and “encourage the general public to start their own businesses.”
According to the release: “Hundreds of thousands of people’s passion for innovation should be […]
