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G20 labor ministers agree entrepreneurship drive

Xinhua, July 13, 2016 Adjust font size:

G20 labor and employment ministers have agreed to encourage young entrepreneurs following a meeting in China.

Around 300 delegates, including ministers from G20 members and invited countries, as well as representatives from international organizations, gathered in Beijing for the G20 Labor and Employment Ministerial Meeting on Tuesday and Wednesday.

The main outcome was adoption of the Entrepreneurship Action Plan, as they identified entrepreneurship as a major opportunity to increase employment, said Yin Weimin, China's minister of human resources and social security, at a press conference on Wednesday.

They also analyzed the ramifications brought about by globalization, technology and population aging, Yin said.

The ministerial meeting was held to support the G20 Hangzhou Summit coming up in September. Endi