CHINA TOPIX

China Looks to Startups to Power Economy from Slowdown

Kwao Peppeh   |

Jun 17, 2015 06:31 AM EDT

China's State Council has issued a set of guidelines aimed at promoting startups as a way to combat the effects of the economic slowdown. The measures, which were announced on Tuesday, June 16, essentially eliminate bureaucratic restrictions on startups and seek to create a social ecosystem that supports mass entrepreneurship and innovation, particularly for high-tech and internet-based companies.