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"Governments can foster market-oriented development and broad-based growth by creating rules that help businesses launch, hire and expand," World Bank Group President David Malpass said. "Removing barriers facing entrepreneurs generates better jobs, more tax revenues and higher incomes, all of which are necessary to reduce poverty and raise living standards."

"Florida is one instance away from becoming the next Kentucky or Texas, and we must do something about it."

"For companies that have run into temporary operational difficulties but still have enormous potential for development, banks should help them get through the tough times by renewing their loans. However, banks are forbidden from covering or delaying risk exposure associated with lending to 'zombie firms', which cannot repay loans, in the name of loan renewal," she said.

"Fiscal and monetary policies will provide the major tools to achieve the long-term economic development goals," said Wang, who suggested building up a unified coordination mechanism to facilitate joint efforts on fiscal and monetary policy. The mechanism is expected to work along with employment, industrial, investment, consumption and environment protection measures to spur the real economy.

"Going global and innovation are the two most important development strategies for our company, and now we feel encouraged, because a lot of government policies are inspiring to companies like us that want to expand overseas business," Shen said.