China sees fast growing entrepreneurship

China saw fast growth in entrepreneurship in the first

half of this year with increasing registration of companies and

self-employed entrepreneurs, which will eventually play a bigger role in

boosting employment in the second quarter.

In the

first half of 2017, a total of 5.809 million self-employed entrepreneurs

have been registered, up 14.8%, according to the State Administration

for Industry and Commerce on Thursday.

A total of 2.911 million new companies were registered in H1, up 11.1% from the same period a year ago.

Each day, 49,000 new companies or self-employed entrepreneurs are registered on average.

According

to official data, the new companies played a bigger role in boosting

China's employment in the second quarter, contributing 11.2% from the

first quarter.

Chinese Premier Li Keqiang in June

praised China for having achieved better-than-expected results in its

efforts to drive mass entrepreneurship and innovation at the Summer

Davos held in northeast China's coastal city Dalian.

He

said mass entrepreneurship and innovation are an effective way to

realize inclusive growth as the process engages and benefits the people

extensively.