Ax the dead wood so startups can blossom

Two years ago, a friend quit his job in China's biggest online gaming company and founded his own company. Last year, his team developed a mobile game that became one of the hottest available, and the company is now valued at several billion yuan by industry insiders.

This kind of legend is happening every day in today's China. If you ask me what is the potential for China's growth in the next five or 10 years, I would say the answer lies in innovation.

Premier Li Keqiang called for "grassroots entrepreneurship and mass innovation" when he was delivering this year's Government Work Report, stressing innovation-driven growth.