The dearth of 'unicorns' stems from a cultural norm that favours stable jobs in bedrock financial and real estate firms rather than risky, go-it-alone propositions. Also, businesses often targeted by start-ups are controlled by a handful of billionaires
The three-day visit by Zhang Dejiang, who chairs the communist-controlled legislature, is the first by such a senior official in four years
On the bilateral trade front the it expects a growth in exports to India but sees imports to stay flat.
Hong Kong's financial secretary warned on Wednesday that political unrest would "unavoidably" damage the economy after riots rocked the city earlier this month, predicting a growth slowdown for 2016.In an unusually emotive budget speech John Tsang - tipped as a possible contender to be the semi-autonomous city's next leader - said the street battles had left him "distressed and angry".Tsang, who is part of a Beijing-friendly government and met with China's President Xi Jinping last year, used his speech to weigh in on Hong Kong's recent turmoil.Violence broke out on the first night of the Lunar New Year, February 8, after protesters gathered around illegal food hawkers in the busy commercial district of Mong Kok to protect them from health officials.Masked demonstrators hurled bricks at police, who in turn fired warning shots in the air - a rare occurrence in Hong Kong.More than 30 protesters face charges of "rioting" and some have also complained of police violence.Among those charged