Chinese leaders look to entrepreneurs to boost economy
Politburo pledges to make innovation a driving force as slowing growth becomes 'new normal'
Top leaders in Beijing have pledged to rebalance China's economy to rely more on innovation and entrepreneurship to help drive growth amid the continuing slowdown.
The pledge came during yesterday's Politburo meeting, chaired by President Xi Jinping , in which the Communist Party's decision making body reviewed the government's draft annual work report, according to Xinhua.
The report is to be delivered by Premier Li Keqiang at the annual parliamentary sessions in March.
The leaders also reviewed a report on the sweeping discipline inspections into 31 provinces and Xinjiang Production and Construction Corps.
The Politburo stressed that the country must make innovation a new driving force of its economy and improve its mechanism for risk mitigation, as slowing growth had become the "new normal".
It said the central government would give full support to entrepreneurship and more attention to public goods services.