Bud­ding busi­ness­peo­ple look to de­velop via new growth sec­tors

China Daily (Hong Kong) - - CHINA - By ZHANG YUE

Bio­engi­neer­ing, ad­vanced sci­ence and tech­nol­ogy, re­tail, ad­vanced man­u­fac­tur­ing, the cul­tural and cre­ative in­dus­try, en­ergy con­ser­va­tion and en­vi­ron­men­tal pro­tec­tion are the most pop­u­lar sec­tors for re­turnees who want to start busi­nesses, ac­cord­ing to a re­port pub­lished by the Cen­ter for China and Glob­al­iza­tion in 2015.

Those sec­tors are rapidly be­com­ing strong driv­ers of China’s eco­nomic tran­si­tion.

Since 2000, the coun­try has es­tab­lished a num­ber of plat­forms to build com­mu­ni­ca­tions with young en­trepreneurs re­turn­ing from over­seas.

Gather­ings are held at both cen­tral and city govern­ment level. For ex­am­ple, Dalian, a coastal city in the north­east­ern prov­ince of Liaon­ing, hosts the an­nual China Over­seas Schol­ars In­no­va­tion Sum­mit in as­so­ci­a­tion with the Min­istry of Ed­u­ca­tion, the Min­istry of Hu­man Re­sources and So­cial Se­cu­rity, the Chi­nese Academy of Sciences and other or­ga­ni­za­tions.

Since it was first held in 2000, the event has be­come a ma­jor plat­form for re­turnees in search of busi­ness op­por­tu­ni­ties who want to brain­storm and ex­change ex­pe­ri­ences, and has at­tracted more than 300,000 par­tic­i­pants from 63 coun­tries and 45,000 busi­nesses.

Amend­ing poli­cies and re­mov­ing bar­ri­ers are not easy tasks, so, in line with the coun­try’s on­go­ing strat­egy of en­cour­ag­ing new eco­nomic driv­ers, the govern­ment has been pay­ing close at­ten­tion to prob­lems en­coun­tered by would-be en­trepreneurs.

In June last year, the State Coun­cil, China’s Cabi­net, noted that stu­dents re­turn­ing from over­seas and hop­ing to start busi­nesses face many ob­sta­cles. They in­clude prob­lems in ac­cess­ing fund­ing and ob­tain­ing per­ma­nent res­i­dence equiv­a­lent to the hukou house­hold reg­is­tra­tion sys­tem, ap­pli­ca­tions for In­tel­lec­tual Prop­erty Rights, and a num­ber of pol­icy re­stric­tions.

In a writ­ten guide­line, Pre­mier Li Ke­qiang urged the rel- evant min­istries to work to­gether to pro­vide more op­por­tu­ni­ties for bud­ding en­trepreneurs and star­tups. In re­sponse, 18 min­istries looked into the is­sues.

In April, the State Coun­cil is­sued a raft of in­cen­tives to help re­turnees start busi­nesses. One ma­jor in­cen­tive en­cour­ages re­turnees to co­found busi­nesses by grant­ing in­tan­gi­ble as­sets, such as in­tel­lec­tual prop­erty rights. Other mea­sures in­clude a more-stream­lined process in ed­u­ca­tion cer­ti­fi­ca­tion and re­lated ser­vices, and re­turnees with high-grade ex­pe­ri­ence are pro­vided with greater con­ve­nience when ap­ply­ing for per­ma­nent res­i­dence.

In April, Yang Tao, vice-min­is­ter of the Min­istry of Hu­man Re­sources and So­cial Se­cu­rity, said 432,500 peo­ple re­turned from over­seas last year, and the pro­por­tion of Chi­nese stu­dents who re­turned to China af­ter over­seas study rose to 82.23 per­cent last year from 72.39 per­cent in 2015.

The pro­por­tion of stu­dents who re­turned last year.

Pierre Bi, founder of Aeris Clean­tec

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