CPPCC Member Advocates Promoting Entrepreneurship among University Students

April 2, 2015
By Li WenjieEditor: Zhu Yanhong

Wen Simei, vice-chairperson of the Guangdong Provincial Committee of the Chinese People's Political Consultative Committee (CPPCC) and member of the third session of the 12th National Committee of the CPPCC, recently tabled a proposal on enhancing university students' entrepreneurship through deepening the higher-education reform.

Wen said that university students, as a social group receiving higher education, can play an important role in stimulating the entrepreneurship of society as a whole and in cultivating the innovation thereof. As of now in China, however, the entrepreneurship of university students has not been well developed and is still lagging behind that of many leading countries.

"The rate of entrepreneurship among university students in China is very low, with a percentage reaching only 2.3 percent among all university graduates in the year 2013. And in 2010, the graduates who began their entrepreneurship with a master's or PhD degree accounted only 4.3 percent of all graduates who undertook entrepreneurship. In addition, the success rate of university students' entrepreneurship is very low, with a business survival rate for the first five years of operation reaching only 30 percent, which is lower than the average society-wide survival rate by 20 percent," said Wen.

There are many factors to explain China's falling behind with entrepreneurship, according to Wen. Entrepreneurship education in China needs to catch up and keep pace with the global leaders. In Chinese universities, students have a poor foundation of entrepreneurial concepts: There is a lack of proper learning modules, a shortage of faculty members to teach this domain and a lack of places where students can practice entrepreneurship and enrich their entrepreneurial experience.

In addition, although many policies supporting entrepreneurship among university students have been introduced, their complexity makes them difficult to implement in practical application — not to mention the high threshold for the policies to grant people preferential treatment.

And lastly, the overall entrepreneurship culture in Chinese society still needs to be cultivated with great efforts so that more and more people will be willing to start their own business without fearing failure.

For promoting university students' entrepreneurship, Wen made the following proposals:

The talent-cultivating model in universities should be reformed. More flexible learning models should be developed, and more entrepreneurship guidance courses should be developed and introduced.

More policies supporting entrepreneurship among university students should be issued, especially policies that deal with providing convenient and worthwhile loans to students.

In addition, a better entrepreneurship culture and an open-minded social environment should be developed. More successful entrepreneurs need to be encouraged to visit university classes, to share their experiences with students. Foundations and guiding institutions for entrepreneurship among university students should be founded in order to meet new-business starters' demands with finance, law, management and technology.

(Women of China)

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