Home>Top Issues

60% of university students interested in launching startups

Monday,Oct 09, 2017

From: ECNS

 


A study by the Center for China and Globalization (CCG) think-tank found that over 60 percent of university students show an interest in launching startups, preferably in China’s second-tier cities.

CCG surveyed 2,797 students from 100 domestic universities to understand their willingness in entrepreneurship.

Li Qing, a lead researcher at CCG, said students majoring in engineering, management or economics tend to be more active in innovation and startups.

Over 42 percent in the survey said they think they will have better chances of development by engaging in startups at school while 28.32 percent saw it as a way of self-actualization. The third reason was economic gain.

Li also said there are nearly 80 percent more knew governmental efforts driving economic transformation on the "twin engines" of popular entrepreneurship and mass innovation.

Students learn about how to start businesses and become innovative mainly through activities organized by schools, at 22.58 percent, or student organizations, at 17.15 percent. Nearly 98 percent thought it necessary for schools to open courses on entrepreneurship and innovation.

First-tier cities have fallen from favor among students due to the rising cost of living and business operation as well as traffic congestion, while second-tier cities have become favorites for startups as a result of rapid growth and improving infrastructure, according to Li.

While 49.6 percent of respondents preferred second-tier cities, 32.5 percent pinned their hopes on Beijing, Shanghai, Guangzhou and Shenzhen.

Li urged universities to play a more active role in helping student startup efforts. Other experts also called on authorities to offer more support measures including preferential tax rates or starting courses to get students better prepared to start companies.

From ECNS,2017-9-26

 

 

 

 

 

  • 【People’s Daily Online】Opportunities outweigh challenges for SMEs investment in BRI

    The Belt and Road Initiative (BRI) has engaged almost 70 countries and multilateral international organizations, creating a huge opportunity that small and medium-sized enterprises (SMEs) should also participate in, experts noted at a seminar in Beijing on Wednesday.

  • US aims to curb deficit with China

    The US has noticed China’s recent increase in its foreign exchange reserves and its support for a strong yuan, and instead of labeling China a currency manipulator, the US will work harder to bring down its trade deficit with the world’s second-largest economy, experts said on Thursday.

  • Sino-Europe bond might be beneficial to globalization

    The relationship between China and Europe may play a key part in promoting globalization, said Wang Huiyao, president of Center for China and Globalization(CCG).

  • Victor Gao: Institutional reforms to deal with new opportunities

    At the Third Plenary Session of the 19th CPC Central Committee held in Beijing from February 26 to 28, major decisions were made to conduct institutional reforms of the CPC and the Chinese Government. Institutional reform programs were adopted, and those proposals relevant to the Chinese government have been submitted to the National People’s Congress for review and approval. The NPC is right now in the process of reviewing these reform proposals for government.

  • Zhang Shenglei: China paves way for Internet governance

    Zhang Shenglei: China paves way for Internet governance From: Global Times Illustration: Liu Rui/GT The fourth World Internet Conference (WIC) concluded last week in Wuzhen, East China’s Zhejiang Province, after three days of discussions and exhibitions of cutting-edge hi-tech products.…