China supports entrepreneurship in rural regions

China will support migrant workers, college graduates and army veterans who wish to return to their rural hometowns to start new businesses, part of a national campaign to boost entrepreneurship and employment.

The government will simplify business registration procedures for them, give tax breaks, cut administration fees, and subsidize business loans, according to a statement released after an executive meeting of the State Council, China's cabinet presided over by Premier Li Keqiang.

Meanwhile, the government will also trial collective bonds by small companies to try to alleviate credit difficulties that such companies often face.

The government will also encourage e-commerce in rural areas and offer equal access to public services such as social insurance, housing, education and health care for people seeking new careers or business development in rural regions. Endi