China offers business start-up assistance to students who study internationally
August 24, 2011
Chinese students who study abroad often become successful entrepreneurs, so it is not surprising that there are more than 150 business start-up incubators for this demographic. Business incubators are programs that assist entrepreneurs with resources and services to help them establish their companies. A recent conference on services for returning students revealed that these programs are currently assisting more than 22,000 people who have studied abroad, according to China Daily.
"Returning Chinese students have made important contributions to the country's industrial structure adjustment and innovation promotion efforts," Yin Weimin, China's minister of human resources and Social Security, told the news source.
The majority of Nasdaq-listed high-tech Chinese companies were started by individuals who studied in other countries. Roughly 72 percent of the people heading key research projects and about half of academics in the science and engineering fields also spent time abroad.
Penn-Olsen, a blog that focuses on developments in the technology and business industries in Asia, reports that China may be offering returning-student services in an effort to get students to come back, as less than one third of students who leave the country to pursue their education move back.
Whether or not Chinese students who study abroad return to their country, they can make calls to China to stay in touch with their friends and families with international calling cards.