In a move aimed at encouraging startups and energizing the economy, China abolished minimum capital requirements for most newly registering companies a year ago.
These reforms, which fit under an initiative highlighted last month by Premier Li Keqiang but have attracted little attention outside the country, have been strikingly successful. Though the changes did not come into effect until March 1, 2014, company registrations rose nearly 50% that year compared with 2013, according to the State Administration for Industry and Commerce.
