Help students to start their businesses

Chinese government should provide concrete support to students who intend to start their own businesses, says an article in the Beijing News. Excerpts:

The Ministry of Education requires the universities to set up a flexible schooling system, allowing students to temporarily suspend classes to start their own businesses, such as running an online shop.

Statistics show only 2.3 percent college graduates were self-employed last year in China, compared with 20 percent in the United States, while 80 percent college students in China are willing to start their own business. The government and the school’s support for them to start their own business are weak. There are no mature platforms or necessary technological and financial support yet in China.

Setting up the flexible schooling system can give the students more freedom to make their options. But that’s far from enough. The schools need to establish a comprehensive supporting system for the students, forming an exchange platform connecting schools and the industries, helping them analyze the feasibility of their plans and providing technological support to them.

In the United Kingdom, about 38 percent of its private equity fund is used to support the students to start their own businesses. Chinese government needs to work together with the colleges to help integrate the industries, finance, research and market for the students.