60% of university students interested in launching startups: think tank

Updated 2017-09-26 17:00:50 Ecns.cn

(ECNS) -- A study by the Center for China and Globalization (CCG) think-tank found that over 60 percent of university students show an interest in launching startups, preferably in China's second-tier cities.

CCG surveyed 2,797 students from 100 domestic universities to understand their willingness in entrepreneurship.

Li Qing, a lead researcher at CCG, said students majoring in engineering, management or economics tend to be more active in innovation and startups.

Over 42 percent in the survey said they think they will have better chances of development by engaging in startups at school while 28.32 percent saw it as a way of self-actualization. The third reason was economic gain.

Li also said there are nearly 80 percent more knew governmental efforts driving economic transformation on the "twin engines" of popular entrepreneurship and mass innovation.

Students learn about how to start businesses and become innovative mainly through activities organized by schools, at 22.58 percent, or student organizations, at 17.15 percent. Nearly 98 percent thought it necessary for schools to open courses on entrepreneurship and innovation.

First-tier cities have fallen from favor among students due to the rising cost of living and business operation as well as traffic congestion, while second-tier cities have become favorites for startups as a result of rapid growth and improving infrastructure, according to Li.

While 49.6 percent of respondents preferred second-tier cities, 32.5 percent pinned their hopes on Beijing, Shanghai, Guangzhou and Shenzhen.

Li urged universities to play a more active role in helping student startup efforts. Other experts also called on authorities to offer more support measures including preferential tax rates or starting courses to get students better prepared to start companies.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 19 2017 04:02:08

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 19 2017 04:02:08

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 19 2017 04:02:08

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords