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Government start-up aid for university graduates

China expects a record number of university graduates and wants to promote their recruitment by companies. Smaller companies hiring such candidates are to be provided with subsidies, according to the State Council. Graduates who set up a start-up will receive tax breaks and better loan conditions. In addition, free business and office space will be offered. “China … encourages employers in COVID-hit regions to sign labor contracts with college graduates online,” it added.

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