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More Chinese students seek success via startups

Thursday, 29 December 2016

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It would appear that Chinese at universities and colleges are not daunted by the high failure rate of students starting their own businesses.

A survey released by Renmin University of China on Wednesday showed that more than 120,000 college students are running their own business or have had a related experience, accounting for 28% of respondents.

Only 10.2% don’t want to start their own business.

The report is based on information collected from more than 430,000 students at 1,767 universities and colleges across the country.

In addition to enthusiasm, the report found that chasing dreams and freedom are two main drivers for college students seeking to become entrepreneurs. More than 37% of respondents said they want to control their own life and work pace, while more than 20% said they want to fulfill their dreams.

Zhang Jingxiu, executive director of Beijing-based employment consultancy Newjincin Research Institute, said many positive policies have helped motivate college students, such as a flexible education system that allows students to start a business while putting their education on hold.

“What’s more important is the change in social opinions on startups. College students and their parents are viewing startups as an opportunity, not a risk,” Zhang said.

Zhang Rui, chairman of Wanxue Education Group, said there is no such thing as failure when talking about startups.

“You cannot judge entrepreneurs on their first trial. No businessmen becomes successful at their first attempt,” he said.

Source by: Internet

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