Emphasis on entrepreneurship

In what is being widely praised as a historical first, the Communist Party of China Central Committee and the State Council released a document on Monday to encourage entrepreneurship.

It is additional proof that the country's leaders know what is lacking and desperately needed in pursuit of "innovation-driven" growth.

The move is significant, as never before has entrepreneurship been considered worthy of a special CPC document, the highest form of emphasis on an issue in China.