An ideal hub for talents to start their business
Meanwhile, Guangdong also pays great attention to entice talents to start business. In the last two years, the provincial government has invested at least 500 million RMB annually to ignite the start-ups’ passion.
According to Nanfang Metropolis Daily, over 78 thousand people choose Guangdong to open business this year, and create 223.8 thousand jobs. Banks issued 219 million small loans in total, an increase of 67.5% over the last year. The statistics number shows the newly-register enterprises have generated 131.4 thousand RMB profits since the beginning of this year, taking the leading position in China.
However, experts also suggest that Guangdong show focus on enhancing the quality of starting business as only 1% of the newly-built business could be called “successful”.