Policies to encourage start-up businesses

GUANGZHOU: Labor authorities in Guangdong have issued a series of policies to help graduates, returning overseas students, retired soldiers and farmers start their own businesses.

Under a notice issued by the province's labor and social security department yesterday, start-up companies founded by retired soldiers and graduates will be exempt from administrative fees for three years.

Tax breaks will also be given to those returning from studying overseas, the notice said, while farmers who quit cities to return to their hometowns will get technical support. "It is all to create more jobs for people in all walks of life," Zhang Xiang, a publicity official for the provincial labor authority, said.