Startups in rural zones to get more support

China will roll out more measures to support rural startups to further promote rural vitalization, under a decision at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.

It was decided that public financial support to the startups will be bolstered. Migrant workers, college students and veterans who choose to start businesses in the countryside will receive the same policy incentives as locals. Returning migrant workers whose startups have been running for one year or more will be eligible for a lump sum subsidy. Where public finances allow, rural business startups will also be entitled to subsidies to relocate or purchase production equipment.

Li said the startups promote the rural vitalization strategy, and enable more talent, technology and capital to flow to the areas.