Entrepreneurs gain government support

China's first-ever guideline that advocates entrepreneurial spirit and creates a favorable environment for entrepreneurs will play a vital role in driving the ongoing supply-side structural reform to further boost innovation, experts said.

The entrepreneurial spirit is an important driving force to further upgrade and transform the economy, said Liu Quanhong, a researcher from Chinese Academy of Macroeconomic Research.

"Boosting the entrepreneurial spirit holds a key to the country's supply-side structural reform, which is supposed to stimulate market vitality at a deeper level and achieve healthy and sustainable development," Liu said.