Northeast China's Liaoning Province announced Friday that it will hold a special activity, dubbed "Overseas Students' Venture Week", to attract Chinese studying abroad to open businesses in the province.
Deputy Governor Guo Tingbiao, who made the announcement at a press conference, said that the week-long event will kick off on June 29, in Shenyang, the provincial capital, and Dalian, a coastal industrial city, simultaneously.
Over 600 Chinese students studying abroad and more than 1,000 local companies will be invited to attend the talks mainly involving information technology, biological technology, advanced technology of manufacturing, and new materials, according to the official.
The province will provide preferential policies and funds to assist those who are going to open ventures in the two overseas students' hi-tech parks in Shenyang and Dalian, respectively, Guo said.
He promised favorable policies concerning taxation and land-use and said that the provincial government will give 100,000-200,000 yuan to each of the projects as start-up capital.
In the past two decades, over 300,000 Chinese students have gone to study overseas and one third of them have returned home.
(People's Daily 04/14/2001)
