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BEIJING, July 12-- China will go further on innovation-driven development and entrepreneurship, with more policy incentives to entrepreneurship from overseas. A guideline is approved at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday to further enhance the support for innovation and entrepreneurship. China will establish an integrated digital business license registry, and enable one-stop registration for foreign enterprises and their domestic counterparts within a given timeframe for due procedures. The government will simplify procedures of work and residential permit application for high-calibre foreign talents, and pilot integrated service in housing, schooling and medical care. Overseas students in China who start new businesses can also apply for residential permit with their diplomas. "Mass entrepreneurship and innovation has been an effective driver for both economic growth and the consistent transition between traditional and new growth engines. It has also significantly contributed to creation of new jobs and increase in income," Li said. The push for mass entrepreneurship and innovation was first put forward by the premier during the Annual Meeting of the New Champions 2017 in Tianjin. Statistics by the State Administration for Industry and Commerce shows that the country saw the registration of more than 13 million new enterprises between March 2017 and February 2017, 94.6 percent of which are in the private sector, adding an average of 15,600 new enterprises on a daily basis in the first five months of this year, giving employment a major boost. | 
