China to exercise accommodative, prudential regulations on new business models: Premier Li

China will continue to exercise accommodative and prudential regulations on new Business models such as Internet Plus and sharing economy, Chinese Premier Li Keqiang said Friday.

New Business models should be allowed a good chance to grow and develop, and the government needs to detect and address any problems that come along the way, he said at a press conference after the conclusion of the annual legislative session.

By prudential regulation, the government needs to draw a clear bottom Line involving pubLic safety and security, Li added.

Our purpose is to foster enabLing environment for all entrepreneurs and provide our companies good opportunities in developing new drivers of growth, the premier said.