Problems faced by youth and youth entrepreneurs

1

Youth employee

Employment population• Number of college graduates increases fast• Technical college graduates decreases

High social pressure• purchasing a house and a car• Marriage• Low salary

Employment competition• Job growth is inhibited• New unemployment increases• Backflow labor from overseas increases

Limited opportunity• Low-quality work, low-level job• Lack of employment opportunity in M&S cities• Gap of social stratums

Youth entrepreneurs

Lack of social resources• Startup capital• Social network• Talent

Lack of business opportunities• High-benefit business is controlled by state-owned companies• Lack of youth innovation (except for IT)

Social restriction• High tax rate for enterprises• Too many business frauds

Other problems• Protection of intellectual properties• Customers pay more attention to product price

Help provided by government/private sector/NGOs

2

To youth employee

Government • Change the education structure, more technical graduates are expected• Set up employment information website• Guarantee the employment rate of colleges

Private sector• Create more job opportunities• Provide intern opportunities

NGO• Provide vocational education• NG Ｏ is a new choice for youth employment choice

To youth entrepreneurs

Government• Seek capital support for youth entrepreneurs• Tax break• Set up Youth Venture Park

Private sector• Set up youth venture platform, such “innovation works” http://en.chuangxin.com/• Provide seed capital for the winners of business plan competition

NGO• Provide overseas training opportunities• Provide seed capital and advice to youth entrepreneurs, such as “YouthBusiness China” program

Real solution provided by different entities to combat youth unemployment

3

1. Providing more social support • Improving youth employment service center• Counseling to unemployed youth 2. Changing education structure •Vocation education should meet the market demand. The curriculum should take into account the demand of employer.

3. Delaying employment age• Youth take the job in a low age, without high quality and skill, easy to lose job in career.• The education in technical school should be accepted.

4. Developing Employee leasing company• Reducing human resource cost for enterprises.• Providing more employee choice.• Solve the problem of social security.

5. Encouraging youth to work in less developed region• Fierce competition in developed cities, such as Beijing, Shanghai and Shenzhen.• Bigger development space in less developed regions, such as Western China.

How my company has created employment opportunities for youth

4

Introduction of my company

KOE Technology Investment Co, Ltd. (www.KOEgroup.com)

It aims to transfer those top environmental technologies from developed countries which can solve Chinese environmental problems to China, and incubate companies for each transferred technologies.

Currently, we have 45 employees, and 85% for them are below 33 years old. We focus on five areasEnergy saving, environment protection, new materials, new agriculture, disaster prevention.

Our purpose• Solve Chinese environmental problems by introducing high technologies• Cultivate youth environment business leader• Set a business model to get the co-benefit of environment aspect and commercial aspect.• Establish a social enterprise.

I am the co-founder and CEO.

5

How my company has created employment opportunities for youth

Creating more job opportunities

We will establish a new sub-company based in china together with the overseas technology provider for each transferred technology. In this way, each new sub-company can create at least 10 job opportunities. Hiring youth

Most of our recruits are youth. At the same time, We hire some interns from universities, their nationalities include China, Japan, United States, Spanish, France, etc.

Cultivating youth leaders

Currently, most of founders and the core members are below 33 years old. And some of them are expected to be the leader of sub-company. We try to cultivate youth leader by providing them bigger business platform and important positions. In this way, they can grow up from the actual operation of project, and accumulate practicing experience.

Close relationship with universities

In order to hire best university graduates, we have developed close relationship with student organizations, and give them personal development advise and possible intern opportunities.