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Preferential Policies Encourage College Graduates to Start Businesses
This year's college graduates in China can start their own businesses without paying the registration and administrative fees for a year.

This preferential policy is issued by the State Administration of Industry and Commerce as part of a move to expand employment channels.

The graduates can get a special business license, marked College Graduate's, which frees them from paying various fees.

An earlier survey conducted by Shanghai-based East Normal University showed over 70 percent of college students across the city are hoping to launch their own businesses.

(Xinhua News Agency June 19, 2003)

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