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14:30, 11-Apr-2018
One more question on China's reform and opening up: How can China promote entrepreneurship?
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“We should be aware that entrepreneurship is very fragile; it needs protection. Young people with a couple of dollars, always with a big idea, they need better guidance, they need better training, and they also need a legal environment to protect them,” Liu Baocheng, professor at the University of International Business and Economics shares his view on how China can further promote entrepreneurship.
Liu said that he objected to entrepreneurship getting engaged to a money-for-money game.
In his opinion, the bigger Chinese companies and Chinese government should do better in helping entrepreneurs, because a start-up normally starts with a fragile business.