Hangzhou pledged to help more university graduates to start up their own businesses yesterday.

Hangzhou city will be a pioneer in this area in the nation, Wang Jincai, deputy Party secretary of Hangzhou, said at a regular meeting on the issue.

In the first quarter of the year, 423 startups have been set up in Hangzhou by university graduates. Hangzhou city government plans to give financial support to 200 startups by graduates in the year.

Source: Hangzhou Daily