Dear MEL School’s
Topic Readers,
More grads still
opting to start own businesses
More Chinese college
graduates are choosing to start up their own businesses than before, according
to the survey conducted by an education consulting firm in China.
2.3 percent of the
2013 college graduates opted to start their own business, up from 2% in the
previous year and 1.6% in 2011.
What did they do?
Education seems to be their preferred sector, followed by retail, media-IT,
architecture and wholesale.
Why the move is on
the rise? Partly because the government had made it easier to start new
businesses by loosening administrative requirements.
Who are choosing
to be entrepreneurs? Surprisingly, nearly half of them said they chose to do be
self-employed and only eight percent of the self-employed graduates said they
had chosen to start their businesses because they were unable to be employed.
How much are they
making? Those who graduated the same year, those who have been staying in their
business for some time seem to make as much as 40% more than those who have
been employed.
Enjoy reading and
learning what Chinese entrepreneurs like.
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