Beijing Mayor Calls For Nurturing Entrepreneurship

The Beijing municipal government has worked hard to create an innovation ecology for both companies and individuals to be entrepreneurial, which is conducive to the high-quality development of the city, its mayor said Tuesday afternoon

BEIJING, (APP - UrduPoint / Pakistan Point News - 16th Jan, 2019 ) :The Beijing municipal government has worked hard to create an innovation ecology for both companies and individuals to be entrepreneurial, which is conducive to the high-quality development of the city, its mayor said Tuesday afternoon.

Entrepreneurship is not exclusive to entrepreneurs, but a spirit that everyone needs, said Chen Jining during a panel discussion at the ongoing annual session of Beijing's political advisory body.

Beijing is now among the most popular destinations for venture capital in the world.

While the population, land for construction and building areas in Beijing declined in 2018, its GDP grew about 6.6 percent. "Judging from various indices, Beijing has become one of the most innovative cities in the world," said Chen.

He said innovation is "an ecology of all kinds of elements that embolden people to make a difference." In building an innovation ecology, talent is the core, said Chen, adding the government should expand the understanding of talent. "Scientists, entrepreneurs, product managers and intermediary agents are all talents needed for innovation."The mayor said that at present, the city's innovation mainly involves the information industry. Apart from that, medical treatment and healthcare and materials are two other advantageous fields with huge potential.

He said the city will give priorities to development of medical treatment and healthcare this year.