Premier Li Keqiang (2nd L) visits the Laboratory of Advanced Materials & Electron Microscopy at the Institute of Physics of Chinese Academy of Sciences (CAS) in Beijing, May 7, 2015. (Photo/Xinhua)
The street also provides entrepreneurs with free training, where budding businesspeople can analyze case-by-case business decisions and prevent mistakes in the future.
"Entrepreneurship is not a privilege of a small number of people but the choice of many," the premier said. "And ethics is an important part of the innovative spirit."
Wang Yuanzhi, former chief of the small and medium-sized enterprises department at the National Development and Reform Commission, said Li's visit was in line with his consistent support for small businesses and encouraging innovation among the public. And it signals the government will support startup businesses and help them develop in the right way, with a high level of ethics and stable sources of funding.
Yu Jun, acting chief of Haidian district and former chairman of Zhongguancun Development Group, said the government has striven to create a better platform for entrepreneurs and shape a better environment for entrepreneurship and innovation. "It is a golden age for entrepreneurs," he said.
The premier has been a supporter of innovation since he took office in 2013. He has striven to cut red tape, give tax refunds to small businesses and startup businesses, in a bid to boost entrepreneurship.
A State Council executive meeting presided over by Li in December decided to introduce the preferential policies for independent innovation in Zhongguancun to more pilot areas.
Wang said such policies have eased the way for small businesses, but a greater positive impact will only be possible if the policies could be adopted for a long time, and more private businesses are allowed to enter the monopolistic sectors.
