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The Effectiveness of Chinese Government Support for Graduate Entrepreneurs

Authors
Type
Published Article
Journal
Journal of Entrepreneurship Development
Publication Date
Sep 23, 2016
Volume
13
Issue
3
Source
MyScienceWork
License
Green

Abstract

Evidences from several sources including the Global Entrepreneurship Monitor (GEM) suggest that entrepreneurial intent is high amongst young Chinese graduates, but support mechanisms are either lacking or misunderstood by those entrepreneurs aiming to start their own business. The aim of this work was to suggest recommendations to narrow this gap. To this end, a comparison was undertaken to examine what government measures exist and are effective in a well-developed, highly ranked entrepreneurial economy such as in the UK as compared to that of China and what could be recommended to boost entrepreneurial culture and output, boosting economic activity. A number of areas have been considered for comparison including financial support such as loans and grants as well as ‘red tape’ and incentives which may directly or indirectly affect the ease of starting a business (such as tax breaks for example that might make it easier for private investors to invest). It is found that there are a considerable number of valuable programs available to those in China wanting to start a business including funding, tax breaks, infrastructure and other helpful policies, but often the rules and regulations are a complex and time-consuming barrier and this is the main area to be addressed

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