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China's young entrepreneurs go home to get rich

(Xinhua) Updated: 2016-08-15 08:06 Comments

China's young entrepreneurs go home to get rich

Employees of start-ups work at an incubator center in Lanzhou city, capital of Northwest China's Gansu province. Oct 10, 2015. Incubator centers have been set up these years to boost start-ups in Chengguan district of Lanzhou city. Measures including simplifying procedures for licenses application and earmarking subsidiaries have been implemented to reduce the operation cost for the companies in these centers. Up to now, about 30 incubator centers have fostered more than 1000 start-ups in the sectors encompassing e-commercial, bio-pharmaceutical, cultural and creative and internet plus industries. [Photo/Xinhua]

After working in Shanghai, Zhou Jianzhen has also headed back home to Lanzhou and set up an online store selling local specialties. With the incubator's help, he now has more than 80 suppliers and made sales worth 5 million yuan in the second half of last year.

"Incubators, policy and support are bringing people to their hometowns. Business opportunities in East China are shrinking and the potential of here is now sucking talent back west," said Chuanshuo's CEO Li Guoliang.

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