Now for more on this, we are joined in the studio by CCTV's Jin Yingqiao.
Q1, We hear the word "Chuangke" or "Maker" a lot when it comes to talking about entrepreneurship in China - What exactly it it?
A1, The Chinese buzzword "Chuangke" is used to refer to innovators who turn ideas into realities. So who is a "Chuangke" or "Maker"? There is a large community of them with a wide variety of interests and skill levels. Makers can be an industry expert or a garage tinkerer. They can focus on home crafts, baking and preserving, to electronics and woodworkers. For some it's a full-time job, others are weekend warriors. But in China, the word "Chuangke" seems always to be associated with the IT industry, like start-ups developing a smart phone app. And now, Chuangke, and their working space - or what's called "hackerspace" - has become a high-profile focus of the government. Premier Li Keqiang mentioned this in his government work report, and a guideline on its development was issued by the state council. In Beijing's Zhongguancun, also nicked name China's Silicon Valley, the government provides subsidies for rent, facilities and funds. And it's sitting well with Chuangkes, as one of them puts it: we welcome and need government support, but we don't want too much intervention. Zhongguancun authorities' help seems to be just fitting and proper.
Q2, So that seems to be the emerging trend as the country transitions from being labor-intensive to innovation. Tell us more about the bigger picture?
A2, Well, Tsinghua University issued a report on youth entrepreneurship earlier this year, talking just about this situation. The report says the activity level of young entrepreneurs is pretty high in China. It ranks 22nd among 70 countries and regions surveyed. The report also shows that those born after 1980 make up the majority of the number. And over 30 percent of those who were born after 1990 say they want to start a business in three years, and that they are not afraid of failure. The report says it's young entrepreneurs who will be more likely to generate job, and that they have a better focus on the international market.