Li vows to lower hurdles for businesses

Premier calls for banks to simplify lending process for first-time entrepreneurs

Premier Li Keqiang pledged more financial support for new businesses to encourage entrepreneurship amid the continuing downward pressure on the Chinese economy.

"The government and State-owned banks must conduct in-depth research, change their work styles and mindset to find ways to make it easier for new businesses, which are largely small businesses, to get loans," Li said on Friday.