City trains budding business brains for the future

The government of Quanzhou, Fujian province, may be one of the most diligent in China at nourishing private capital. So seriously does it take its role that it has even opened training courses for the adult children of local entrepreneurs to nurture them for future managerial roles.

Kang Tao, the city's mayor, said it is essential to hire the right people. "The key to business transformation and upgrading lies with people," he said. "We believe we have a responsibility to cultivate both the bosses in position now and those for the future."

The move is closely related to the city's history. As one of China's most vibrant urban economies, Quanzhou has long viewed private capital as a crucial component of its financial well-being.