Young ready to seize the reins of business

The Chinese younger generation, growing up at a time when the economy is more open than in their parents' day, has a more entrepreneurial spirit.

In a Hays report, titled Gen Y and the World of Work, the company found that Chinese young people are more likely than those in other countries to want to start their own business.

Just over 45 percent of the 1,000 sampled youth aren't currently self-employed, but they list running their own business as one of their main career objectives.