Beijing, China. 29th February, 2016. A student fills an express delivery form at the "Lou Ti Jian" company established by student-maker Li Xinyue and Li Jian in Taiyuan, north China's Shanxi Province, Dec. 17, 2015. By encouraging mass entrepreneurship and innovation, China saw a record startup boom in 2015 as a total of 4.44 million companies were established, up 21.6 percent from a year ago. More than 80 percent of the new firms were in tertiary industries.
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(160229) -- BEIJING, Feb. 29, 2016 (Xinhua) -- A student fills an express delivery form at the "Lou Ti Jian" company established by student-maker Li Xinyue and Li Jian in Taiyuan, north China's Shanxi Province, Dec. 17, 2015. By encouraging mass entrepreneurship and innovation, China saw a record startup boom in 2015 as a total of 4.44 million companies were established, up 21.6 percent from a year ago. More than 80 percent of the new firms were in tertiary industries. The boom came after government efforts to encourage people to open their own businesses, including easier market entry, less red tape and tax breaks. College students, overseas returnees and even migrant workers are emerging as major forces in entrepreneurship. China has been increasing policy support for new businesses, especially in their starting period. By the end of 2015, there were more than 2, 500 incubators for high-tech businesses and over 4, 000 innovation bases. The country will set up more innovation and entrepreneurship incubators, or "makerspaces, " to support economic restructuring and industrial upgrading. (Xinhua/Wang Feifei)(mcg)