Home>Top Issues

Majority of college students want to start business

Saturday,Sep 30, 2017

From: China Daily

 

More than 60 percent of Chinese college students said they were interested in starting their own business, according to a survey released in Beijing on Tuesday.

封面 2017中国高校学生创新创业调查报告-1

 

The study on entrepreneurship among Chinese college students was compiled by the Center for China and Globalization, which collected responses from 2,797 students at 100 colleges across the country.

According to the survey, 24.56 percent of the respondents showed great enthusiasm for entrepreneurship and 40.58 percent said they were quite interested in going into business. A detailed look into the study showed that engineering students were the most enthusiastic, followed by students of economics, law, art, and medicine.

A total of 70.4 percent of students saw entrepreneurship as a better way to achieve self-improvement and self-worth.

Many hoped to start a business while they were still on campus - 47.48 percent - while, a third wanted to launch company after graduation.

Due to the challenges of growing population, the high cost of living, business expenses and traffic congestion in first-tier cities, almost half would like to set up business in second-tier cities such as Chengdu, Wuhan and Nanjing, which also have fast-growing economies and improving infrastructure.

Although students were positive about entrepreneurship, they were also aware of difficulties and problems.

As many as 61.37 percent felt that lack of capital was the biggest challenge. Acquiring bank loan without enough credit or assets was cited as another challenge. Only 34 percent of students saw themselves as having the basic requirements for starting a business. Also, they said there was no specific government policy to support college entrepreneurs.

The survey also revealed other perceived obstacles, including low awareness of entrepreneurship education among students, insufficient investment in such education by schools, lack of related courses, and so on.

The survey collected suggestions on how to promote college entrepreneurship. More than 97 percent of students said they would benefit from education on starting a business. Coaching by experts and entrepreneurs was the way they would prefer to learn. More than half of the students said the introduction of relevant supportive policy was their primary demand from the government.

 

From China Daily,2017-9-27

 

 

  • 【China Daily】Wang Huiyao: Effective policies can help returnees find jobs

    Governments at all levels must also work to ensure the full implementation of such measures   The report delivered by General Secretary Xi Jinping to the 19th National Congress of the Communist Party of China in October emphasized that talent…

  • New Chinese green card plan gets green light

    To attract more global talent and investments, China plans to introduce a new green card that will be more widely recognised to make life easier for permanent residents (PR), whose numbers are still very small in the country.

  • Emanuel Pastreich: Too good to be true

    It is possible, of course, that Trump and Kim are feeling some positive vibes. Whether it is their “military-first” policies, their nepotistic and kleptomaniac habits or their cult of the self, they probably have lots to talk about.

  • Su Dezhong: Chinese need to get head around mental health

    Many Chinese still tend to think of any talk of mental health in a negative light, says Timothy So, a psychologist whose mission is to apply positive psychology to make more Chinese happier, and doing so even with the very young.

  • China Focuses on Avoiding Trade War as Xi-Trump Honeymoon Ends

    With the honeymoon period ending between Donald Trump and Xi Jinping, China is focused on making the relationship work to avoid a trade war between the world’s two biggest economies.