Arab Today, arab today entrepreneurship boosts china\s employment
Last Updated : GMT 23:45:40
Arab Today, arab today
Arab Today, arab today

Entrepreneurship boosts China\'s employment

Arab Today, arab today

Arab Today, arab today Entrepreneurship boosts China\'s employment

Beijing - Xinhuanet

Over 10 million entrepreneurs emerged in 90 Chinese cities between the start of 2008 and the end of 2010, the number growing on average 15 percent each year, said an official from the Ministry of Human Resources and Social Security (MOHRSS) on Friday. Xin Changxing, deputy minister of the ministry said, in the 90 cities in which statistics were recorded, the average number of entrepreneurs in every 10,000 members of the economically active population increased from 130 in 2008 to 168 in 2010. Forty two percent of the newly founded economic entities survived over three years, and the number of staff they employed hiked on average 30 percent per year. \"The statistics show that gearing up the development of entrepreneurship further enhances its contributions to employment,\" Xin told Xinhua. China\'s employment pressures, amplified by its huge population and social structure, have inspired the government to implement policies to encourage and support entrepreneurship in recent years. \"In fact, China has a large space for entrepreneurs,\" said Zhou Tianyong, professor of the Party School of the Communist Party of China Central Committee. \"China has 11.66 enterprises for every 1,000 people. The average standard of developing countries is 20 to 30 and that of developed ones is 40 to 50.\" Zhou said Europe carried out policies to encourage entrepreneurship in the 1990s to cope with severe unemployment, a move which created more than 10 million job opportunities from 1997 to 2001. The United States and Japan also brought in similar policies to explore job opportunities, especially for youths and women, said Zhou. China\'s own enterprise-boosting initiatives have included issuing 26.39 billion yuan (4.16 billion U.S. dollars) of small-amount guaranteed loans in 2010, 65 percent higher than in 2009, and more than the totals for 2005, 2006, 2007, 2008 and 2009 combined, Xin said. Liu Danhua, director of the training and employment department of the MOHRSS said that small-amount guaranteed loans and financial breaks have proven conducive to entrepreneurs\' financing. Moreover, the central government often cuts taxation, offers free training and requires local support for entrepreneurship, Liu added. However, Zhou pointed out that many potential entrepreneurs remained wary of current levels of taxation and red tape despite the measures. A report by the World Bank showed recently that start-up enterprises in China sometimes faced unreasonable bureaucracy and fees. Zhou said that, besides long term policies, governments at all levels should facilitate entrepreneurs with convenient procedures and acceptable fees and taxation.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today entrepreneurship boosts china\s employment Arab Today, arab today entrepreneurship boosts china\s employment

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday