The Chinese government is moving toward a qualitative growth model in the era of “New Normal,” transitioning from the existing quantitative growth model. In line with the transition, since 2015 the Chinese government has been implementing a strategy of “mass entrepreneurship and innovation,” which involves building a startup ecosystem in order to solve youth unemployment and create new growth engines. Thanks to the success story of China’s BAT (Baidu, Alibaba, Tencent) and these new policies by the Chinese government, the startup entrepreneurship boom in China has grown rapidly, together with an explosive expansion of infrastructure and platforms for startups. In this report, we analyze China’s Startup Ecosystem policy, and examine in detail the roles and characteristics of each component of the Chinese startup ecosystem. Based on the results of the analysis, we draw the policy implications for Korea and startup cooperation between Korea and China.
   This report consists of four main contents: the current status of China’s startup ecosystem, related policies, an analysis of the ecosystem and a case study. Chapter 2 is a status analysis, and section 1 of the chapter mainly analyzes the development status of China’s startup ecosystem dividing the international and domestic aspects. It is confirmed that China’s startup ecosystem began to rapidly develop around 2015 when the Chinese startup policy was first implemented.
   Sections 2 and 3 are a policy analysis, and mainly analyze the main contents of the Major Entrepreneurship Innovation and policy by sector. In section 2, the entrepreneurship policy was analyzed based on the government documents related to the “Efforts of Mass Entrepreneurship,” the master plan for establishing an entrepreneurship ecosystem proposed in 2015. There are differences in policy-driven policies by period. Initially, it was promoted by focusing on establishing the foundation for the business ecosystem, such as improving the business environment, building a platform, and revitalizing the start-up investment market. In section 3, we reviewed the Chinese start-up policy by sector. China’s startup ecosystem policy includes various contents such as deregulation, improvement of business environments, platform construction, funding of entrepreneurship, conversion of entrepreneurship education, and commercialization of science and technology.
   Chapter 3 analyzes the roles and characteristics of each actor of the government, corporations, government funds, VCs, universities and research institutes that make up the Chinese startup ecosystem. Chapter 4 analyzes the start-up ecosystem established by local governments, corporations, national extradition funds, and new research institutes through case analysis. We analyze the main cases of establishing a startup ecosystem, focusing on the cases of Zhongguancun, Tencent, Haier, government fund and the Shenzhen Institutes of Advanced Technology (SIAT).
   Chapter 5 presents the conclusion of our study and implications. In section 1, we evaluate China’s entrepreneurship ecosystem and forecast future Chinese startup policies and markets. Section 2 suggests the implications of the Chinese startup ecosystem development strategy for Korea such as: promoting startup policies in connection with the establishment of a national innovation system, establishing a control tower dedicated to startup policies, applying the principle of “pre-enforcement post-regulation” for new business models, establishing a private entrepreneurship support platform, promoting support plans by startup development stage, market-oriented startup education, and promoting science and technology achievement transfer.
   Lastly, section 3 discusses the startup cooperation plans between Korea-China. In particular, as China is expected to develop innovative start-ups based on science and technology, the cooperation of innovative start-up ecosystems is emphasized.