China News Agency, Beijing, July 16 Question: China's deployment promotes "double creation" and "combined boxing" to solve worries

  China News Agency reporter Wang Qingkai

  The executive meeting of the State Council of China held on the 15th focused on "public entrepreneurship and innovation."

  In the first half of the year, affected by the new coronary pneumonia epidemic, many Chinese companies pressed the "pause button" for production and operations, and the employment situation was grim. On the one hand, the number of 8.74 million fresh graduates reached a record high; on the other hand, the enterprises were struggling because of the epidemic situation, and the number of workers was continuously compressed.

  Solve the problem of large-scale employment, the pressure is not small. In this context, the executive meeting of the State Council focused on "expansion and increment", promoted "double innovation" from the job supply side to promote employment, and further comprehensively strengthened the "stable" and "guaranteeed" employment measures.

  Innovation drives employment

  The meeting pointed out that in order to do a good job of "six stability" and implement the tasks of "six guarantees" to cope with the impact of the epidemic situation and changes in the development environment, we must implement an innovation-driven development strategy. Stimulate market vitality and social creativity through innovation, and support job security and market players with new kinetic energy, especially supporting key groups such as college graduates and migrant workers returning home to start businesses.

  Ma Liang, a researcher at the National Development and Strategy Research Institute of Renmin University of China and a professor at the School of Public Administration, believes that incubating entrepreneurship through innovation and driving employment through entrepreneurship is an important opportunity to alleviate employment pressure and create job opportunities. At present, entrepreneurship in emerging formats can greatly increase employment opportunities and effectively expand employment space, which is indispensable for achieving the government's full-year employment goals.

  According to data released by the National Bureau of Statistics on the 16th, the unemployment rate in the urban survey nationwide in June was 5.7%. Liu Aihua, a spokesman for the National Bureau of Statistics, said that due to the impact of the epidemic, employment pressure this year will be greater. In the first half of the year, the number of new jobs in cities and towns increased by 1.73 million year-on-year. The employment pressure of urban key groups is more prominent. The rural labor force that went out to work at the end of the second quarter decreased by 4.96 million year-on-year, and the unemployment rate of college students reached a new high during the same period.

  "Double creation" is of great significance to alleviate employment pressure and increase employment. From this perspective, it is particularly important to increase support for entrepreneurial innovation subjects.

  The meeting pointed out that special funds for investment arrangements within the central budget support the construction of dual innovation demonstration bases. Revitalize idle workshops, use land inefficiently, etc., and strengthen support for key projects of Shuangchuang. Government-invested incubation bases, etc., must provide a certain percentage of the site free of charge to college graduates and migrant workers. A one-time entrepreneurial subsidy may be granted to the entrepreneurs who return to their hometowns and start their own businesses for the first time and have operated normally for more than 1 year.

  Liu Yi, a professor at the School of Economics at Peking University, believes that the above measures not only build a platform for mass entrepreneurship and innovation, but also reduce the cost of entrepreneurship and employment for key groups such as college graduates. This is a very practical arrangement.

  Solve the worries of the "double creation"

  The meeting also pointed out that dual innovation demonstration bases should be encouraged to build large- and medium-sized enterprises' integration and cross-regional integration development platforms. Build a professional service platform for the transformation of scientific and technological achievements; encourage financial institutions to develop equipment financing leasing and business-related insurance business. Remove the restrictions on insurance funds for financial equity investment industry, and carry out pilot projects for equity investment and venture capital share transfer in regional equity markets.

  These measures are aimed at solving the worries of innovative entrepreneurs. Ma Liang said that there is a greater risk of failure in entrepreneurship, so the necessary spatial support, financial support and policy support are essential. Compared with the previous double-creation policy, this meeting puts special emphasis on platform entrepreneurship and the concept of entrepreneurial platforms.

  Ma Liang believes that the above measures allow newly-started companies to benefit from the regional innovation ecosystem and enjoy the institutional dividends brought about by these infrastructures and public products. Compared with simple loans and subsidies, the introduction of financial innovation tools such as entrepreneurship insurance and equity investment can not only help start-ups to meet their urgent needs, but also introduce strategic investment to protect the entrepreneurial team.

  From an official point of view, one of the purposes of encouraging entrepreneurship is to promote employment of a group of people. Therefore, the meeting pointed out that it is necessary to implement entrepreneurship-driven employment demonstration actions, promote enterprises, dual-innovation demonstration bases, and Internet platforms to jointly carry out entrepreneurship training for childcare, pension, housekeeping, tourism, and e-commerce to guide the concept of job selection and expand employment space. (Finish)