Youths eye making a living online
Source: Xinhua |
February 6, 2013, Wednesday
|
Print Edition
Print Edition
CHINESE young people are seriously considering making a living online as the economic slowdown bites China's more conventional jobs market.
An Internet business boom has helped create more than 10 million jobs in China, which greatly alleviates current employment pressure, according to a new report by the Ministry of Human Resources and Social Security.
The report, the first of its kind by the ministry, showed that young people made up the majority of those involved in Internet entrepreneurship, including online shop owners and employees, as well as practitioners in areas closely related to e-commerce.
"The Internet goes beyond physical restrictions, so our power can be magnified to an enormous scale," said Li Xueling, founder and CEO of Chinese social platform company YY Inc.
Li, whose company made its NASDAQ debut in November, said the Internet quickens the process of trial and error in entrepreneurship, citing the example of a college graduate who became a millionaire by teaching others how to make PowerPoint files online.
Internet business also allows more freedom and diversity in employment choices, according to the report.
In 2012, a record 6.8 million people graduated from universities in China. Yet a large number of graduates were unable to land a job due to a discrepancy between the workforce and the actual needs of the economy.
Some of the jobless graduates may have flowed to the more flexible online commerce.
The report showed that almost half of Internet practitioners surveyed own an associate degree or bachelor's degree, and another 33.4 percent studied at middle schools or technical schools. People with strong background in marketing, management, technology and law are most needed, it said.
Many young entrepreneurs said online business helps lower costs and increase efficiency, and also offers opportunities to make friends and find fun.
The flourishing of Internet economics makes consumers more confident and comfortable with buying online, especially amid a current crisis of confidence in the country's commercial activities, the report said.
An Internet business boom has helped create more than 10 million jobs in China, which greatly alleviates current employment pressure, according to a new report by the Ministry of Human Resources and Social Security.
The report, the first of its kind by the ministry, showed that young people made up the majority of those involved in Internet entrepreneurship, including online shop owners and employees, as well as practitioners in areas closely related to e-commerce.
"The Internet goes beyond physical restrictions, so our power can be magnified to an enormous scale," said Li Xueling, founder and CEO of Chinese social platform company YY Inc.
Li, whose company made its NASDAQ debut in November, said the Internet quickens the process of trial and error in entrepreneurship, citing the example of a college graduate who became a millionaire by teaching others how to make PowerPoint files online.
Internet business also allows more freedom and diversity in employment choices, according to the report.
In 2012, a record 6.8 million people graduated from universities in China. Yet a large number of graduates were unable to land a job due to a discrepancy between the workforce and the actual needs of the economy.
Some of the jobless graduates may have flowed to the more flexible online commerce.
The report showed that almost half of Internet practitioners surveyed own an associate degree or bachelor's degree, and another 33.4 percent studied at middle schools or technical schools. People with strong background in marketing, management, technology and law are most needed, it said.
Many young entrepreneurs said online business helps lower costs and increase efficiency, and also offers opportunities to make friends and find fun.
The flourishing of Internet economics makes consumers more confident and comfortable with buying online, especially amid a current crisis of confidence in the country's commercial activities, the report said.
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