| FRIDAY JUNE 23 2000 PUBLISHED BY CHINA DAILY | |||||
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Rainfall at this plum rain season normal AIDS boy Peng Peng passes away Huating moves Timeshare hotel concept checks in ROK delegation here for talks China, Iran look forward to increased trade in future Bookshops turn over new leaf on piracy Survey sparks controversy Cheat in the name of 'helping the poor' She escapes from warring island Study abroad tempts local teenagers A passion for study overseas |
Entrepreneurs warned not to neglect their studies WHILE experts agree university students who go into business can reap enormous benefit from the practical experience, they warn these students against neglecting their studies. Han Hualin, a senior researcher at Shanghai Academy of Social Sciences said Chinese students used to concentrate too much on book learning which made it hard for them to adjust to work after graduation. Now more university students are starting businesses themselves. "But they must learn to strike a balance between their studies and their business engagements," said Han. Yang Gang, 24, a graduate from the electrical engineering department of Shanghai Jiaotong University, agreed. Yang was one of 20 students at Jiaotong University who elected to start their own companies, before or after graduation. He emphasized that setting up on his own has been tough. He said that to his knowledge most students in Beijing who had started their own business were surviving with great difficulty. "Compared to them, our circumstances are better," he said. He began negotiating for his company's first injection of venture capital of half a million yuan ($60,400) in December last year, after winning first prize in the first "Challenger Cup" Business Plan Competition Among University Students with a project on "on-line publication and electrical books." The negotiations failed. In late April this year, Yang and his partners succeeded in winning multi-million-yuan venture capital from Beijing Venture Capital Co Ltd. Last December he applied to start his own company, Shanghai We-bon Digital Technology Corporation Ltd, for which he still does not have a licence. The company now has 10 employees, predominantly graduate students from Jiaotong University, some of them still studying. Yang and his partners are now determined to launch e-books. He said only a small number of top college students can start businesses independently. "It is dangerous to encourage all students to do this," he said. Copyright 2000 by Shanghai Star. All rights reserved. |
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