Chinese students with a pioneering spirit can now defer their studies to start their own business, in a move by the education ministry to deal with the record number of college graduates due next year.
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China will see 7.49 million people graduate from college next year, 220,000 more than the number last year. Helping them find a job is a tremendous challenge.
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The Education Ministry has found measures to cope with the unprecedented number of graduates. In a notice published on Wednesday, it called on colleges to offer a more flexible schooling system, allowing students to suspend their studies to pursue business opportunities off campus.
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Schools are required to offer courses on entrepreneurship that award academic credit and invite entrepreneurs, business owners, academics and investors to share their expertise with students.
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The ministry said it would roll out favorable polices, including entrepreneurship training, business registration, capital raising and tax reduction, for students to start their own business.