Mass entrepreneurship and innovation are essential in order to achieve a more sustainable development strategy, promote supply-side structural reform and cultivate new drivers for the economy.

With the rapid development of the trend for ever deeper integration of industry and the internet, the threshold for entrepreneurship and innovation is much lower than before.

Entrepreneurship and innovation provide ways for people to exploit their talent and potential, and more and more Chinese people, including scientific and technological workers, college students and even ordinary farmers are becoming entrepreneurs and innovators nowadays.

Despite the traditional centralized large-scale production pattern, technology has created a more open and active innovation environment. Individual innovators and entrepreneurs are new engines for economic growth and they are crucial to China's economic transition to the new normal.

Mass entrepreneurship and innovation also improve efficiency as they help optimize the distribution of factors such as labor, capital and technology.