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|BEIJING jordan 3 black cat pre order , March 4 (Xinhua) -- As the Chinese economy slows, a stock price boom of recently listed new enterprises has stoked hopes of new growth vigor through innovation, an area the government had previously identified as having potential.
The ChiNext Index, China's Nasdaq-style board of growth enterprises, closed at a historical high of 2,009.83 points Wednesday, up 2.45 percent. Strong performance this week has fed confidence that innovative companies will emerge as a new economic engine.
Chen Bin jordan 13 wheat pre order , founder of YunDing Internet Technology Co., which produces wireless sensors, said he was encouraged by the new high.
"This suggests investors and the capital market are optimistic about startup companies."
The sensors created by Chen's company update users in realtime about door and window activity. As an entrepreneur, the 32-year-old said he was aware of the potential for his company to further expand into the home technology sector.
"The government is encouraging new businesses and innovation, this has created a suitable climate for entrepreneurs," Chen said. "Such an atmosphere will inspire the nation's pioneering spirit, and is conducive to further development."
Chen is not alone. More than 3.65 million new enterprises were registered last year jordan 13 love respect pre order , an increase of almost 46 percent year on year amid government reforms to cut red tape and simplify approval procedures.
In his address to the World Economic Forum's annual meeting, held in Davos in January, Premier Li Keqiang said China needed to encourage entrepreneurship and innovative practice to mobilize the wisdom and power of the people.
With a workforce of 900 million people and a population of 1.3 billion, analysts say, should all elements of the Chinese society be mobilized it would have a positive impact on growth momentum.x Wang Xiaochu, former vice minister of human resources and social security, said amid the "new normal" of the economy jordan 13 gs bordeaux pre order , startups and innovation are important to countering the slowdown.
"This process will also help expedite restructuring and industrial upgrading efforts," said Wang, who is also a deputy to the National People's Congress, which is slated to convene its annual session Thursday.
Chi Fulin, director of the China (Hainan) Institute for Reform and Development and also a member of China's top political advisory body, agreed that innovation would drive structural measures.
"Information technology is already playing an important role," he said.
On Monday jordan 13 flint pre order , the China Securities Regulatory Commission gave the green light to 24 companies wanting to file for initial public offerings.
Among them, eight companies will make their debut on the ChiNext board.
More than 14 fires ripped through eight counties in Northern California. Till Monday noon, it has killed 1, serious injured 2, destroyed at least 1,500 structures and forced 20,000 people to be evacuated.
California Governor Jerry Brown issued Monday an emergency proclamation for Napa jordan 12 doernbecher pre order , Sonoma and Yuba counties due to the effects of multiple fires, including the Tubbs and Atlas fires, which have damaged critical infrastructure, threatened thousands of homes and caused the evacuation of residents.
"There are a lot of evacuations and closures going on throughout the valley. We are trying to just keep the roads clear for the firetrucks to get through. Because there are only two-lane roads through the valley. Smoke is everywhere. The smoke is very thick and very dangerous." John Taylor, the testing room manager of Yao Family Wines told Xinhua.
"We will be closed until further notice until we see how these fires go." Taylor said, adding that "It's only ten miles (17 kilometers) away from the closest fire. I have gone. I am not there."
"Yes, it's smoky jordan 12 dark grey pre order , and the air quality is poor." Kelli Cox, a resident of Napa city, located 5 miles (8.5 kilometers) from the nearest fire scene, told Xinhua in a telephone conversation, adding "we are leaving now to head South, we are leaving voluntarily in about 10 minutes."
According to information updated Monday noon by California Department of Forestry and Fire Protection (Cal Fire), in Mendocino County jordan 12 bordeaux pre order , one person was killed, 2 people were seriously injured in Redwood Complex Fire which has burned 10,000 acres (40.5 square kilometers). More than 400 crews are fighting the wildfire.
Cal Fire also reported that all wildfires had totally scorched to more than 60,000 acres (242.9 square kilometers) Monday, among which, the Tubbs burned 25,000 acres (101.2 square kilometers) jordan 11 midnight navy pre order , the Atlas Fire 25,000 acres (101.2 square kilometers) and the Patrick Fire 2,000 acres (8.1 square kilometers). All of the the three fires occurred in Napa country have no containment.
Cal Fire Director Ken Pimlott was quoted by Sacramento Bee as saying that most of the fires started at about 10 p.m. Sunday and their causes are under investigation. He said firefighters are concentrating on saving lives rather than battling the blazes.
California Highway Patrol said it's Golden Gate Division Air Operations rescued 42 people ranging from 5 years old to 91 years old from the wildfires and the rescue operations are continuing.
The city of Santa Rosa, Sonama County, has been particularly hard hit.
Photos posted online by local residents showed that numerous buildings are on fire in downtown, including the Hilton Sonoma hotel and a K-Mart, while Sutter Hospital and Kaiser Hospital in the city "are no longer operational and patients have been evacuated."
Firefighters assess the scene as a house burns in the Napa wine region of California jordan 11 low ie midnight navy pre order , the .