Int'l program encourages young Chinese entrepreneurs
( 2003-11-26 09:52) (Xinhua)
The "Youth Business China" (YBC) program was launched here Tuesday, aimed to
help young Chinese people to start their own businesses by drawing on the
advanced experience of a similar international program.
The launching of the project resulted from close collaboration between the
All-China Youth Federation and the Youth Business International (YBI) project
over the past three years, said Zhou Qiang, first secretary of the Secretariat
of the Central Committee of the Communist Youth League of China.
The YBI was launched in the United Kingdom in 1983, mobilizing and uniting
the business community and other social resources there to help young people who
want to start their own businesses. Over the past 20 years, the YBI has aided
over 60,000 young peoplein 35 countries.
The YBC offers China's young people services like business mentorship,
professional consultancy, access to business networks and seed money.
At the launching ceremony, the YBC got its first donation, amounting to one
million yuan (about 0.12 million US dollars), provided by a Hong Kong-based
company.
As the first beneficiary of the YBC, Liu Jiangang, 25, from Shanghai,
received 5,000 pounds from a British law firm at the ceremony.
The project is significant in China because it can help to solve the
unemployment problem in a country with a huge population of young people, said
Han Qide, vice-chairman of the Standing Committee of China's National People's
Congress, at the ceremony.
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