Preferential policies will be granted to encourage college graduates to work at the community level or start businesses in a move to boost employment, the State Council, China's cabinet, announced on May 13.
Graduates that decide to work for the government at a community level will be provided with tuition compensation or a reduction in their student loan, the State Council said in a statement.
Small-sum guaranteed loans or subsidies will be given to new graduates to open online shops, it said. Small and micro-sized technology businesses will benefit from similar policies once they recruit a certain amount of college graduates.
Figures from the Ministry of Education show 7.27 million university students will enter the job market this year, mostly in June and July. The number is 280,000 more than last year. |