Be innovative, Li tells graduates (2)

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However, Huang told China Daily that he now lacks capital and resources and he hopes the government can help.

Under the incentive policy for new graduates who are setting up enterprises, entrepreneurs can receive a two-year tax waiver.

"But we still need about 300,000 yuan ($49,000) start-up capital," Huang said. "We're applying to set up our company in the local venture industrial park so that we can have a free office site."

Venture capital and social resources are harder to come by in a western city, he said, than in big cities like Beijing or Shanghai.

During his visit to the university, Li urged students to be confident in the job market.

This year might be the toughest time for college graduates to enter the workforce in recent years. A record 6.99 million students are leaving universities in summer, a 2.8 percent increase, to hunt for jobs at a time when employers are cutting back on recruitment due to a slowing economy, according to the Ministry of Education.

"Though the number of graduates is huge, the unemployment rate (in China) is still low compared with some developed economies," Li said.

"Young talent is the future of the nation, and the government will try every way possible to help them."

The premier also encouraged students to work in western and remote areas of China, as the western region has become a growth engine for the country, but it still lacks innovation and talent.

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