CHINA Xinjiang adds nearly 45,000 entrepreneurs in H1 2019

CHINA

Xinjiang adds nearly 45,000 entrepreneurs in H1 2019

Xinhua

21:43, July 20, 2019

URUMQI, July 20 (Xinhua) -- Northwest China's Xinjiang Uygur Autonomous Region added 44,900 entrepreneurs in the first half of 2019 thanks to its supportive policies.

VCG111225865818.jpg

File photo: VCG

The entrepreneurs helped create 91,400 jobs, according to the department of human resources and social security of the region.

Xinjiang has implemented various supportive policies for entrepreneurs including social insurance subsidies and tax relief this year. It has raised the amount of loans for labor-intensive small and micro enterprises to 3 million yuan ($436,000), up from 2 million yuan.

To help college graduates start businesses, Xinjiang also exempts three years of administrative fees for those who set up small and micro enterprises or engage in self-employed business.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue