State help for graduates
Source: Xinhua |
May 16, 2010, Sunday
|
Print Edition
Print Edition
THE Chinese government has issued new policies to help graduates start their own businesses, with the country expecting 6.3 million new job seekers after they graduate from colleges this year.
If a young person registers to be self-employed within two years after graduation, he need not pay registration fees or other administrative fees to the government in the first three years after registration, according to the Ministry of Education's Website.
The registered capital of a graduate's first company can be put in place in installments.
Graduates can also apply for microcredits and enjoy interest discounts, the ministry document said.
Provincial education departments will work with other government departments to set up some programs to provide initiative investment for their businesses, it said.
The government is also encouraging non-governmental organizations to set up such programs. Domestic and foreign investors are welcomed to invest in businesses set up by young graduates, the document added.
This summer's 6.3 million new college graduates will put great pressure on the job market. To diversify their employment options, China is encouraging young people to start their own businesses.
Colleges and education departments are required to provide training for those willing to be self-employed, especially about risk control.
If a young person registers to be self-employed within two years after graduation, he need not pay registration fees or other administrative fees to the government in the first three years after registration, according to the Ministry of Education's Website.
The registered capital of a graduate's first company can be put in place in installments.
Graduates can also apply for microcredits and enjoy interest discounts, the ministry document said.
Provincial education departments will work with other government departments to set up some programs to provide initiative investment for their businesses, it said.
The government is also encouraging non-governmental organizations to set up such programs. Domestic and foreign investors are welcomed to invest in businesses set up by young graduates, the document added.
This summer's 6.3 million new college graduates will put great pressure on the job market. To diversify their employment options, China is encouraging young people to start their own businesses.
Colleges and education departments are required to provide training for those willing to be self-employed, especially about risk control.
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