Young people working in Xiamen city – in East China's Fujian province – are expected to get a boost, in the wake of a joint conference held there recently which released a raft of new policies.
They focus on settlement, employment and other pressing areas of concern that face young folks – reflecting the enthusiasm of Xiamen municipal government to draw in more youth talent.
In one initiative, subsidies are being provided for full-time graduates and postgraduates – 10,000 yuan ($1,450) or 30,000 yuan for the former and 50,000 yuan or 80,000 yuan for the latter.
Xiamen has also moved to reduce the pressure on its workforce in paying rent. As part of that, a discount of 50 percent on rent can be accessed to young workers within a five year period.
In addition, Siming district in Xiamen has introduced a number of talent apartments with fewer restrictions and better facilities on the basis of cooperation with various companies.
Furthermore, Jimei district is paying close attention to youth startup projects. It had completed the redemption of support capital valued at over 30 million yuan and encouraged young entrepreneurs to raise financing worth 700 million yuan.
These and a host of other attractive initiatives are said to be generating a wave of enthusiasm for younger people to move to the region. The latest figures showed that 72,000 graduates came to Xiamen in 2022, up a 10 percent year-on-year.
Vibrant Xiamen is going places. It was recognized as China's 2022 best city for embracing talent and the most promising Chinese city in the eyes of international experts. [Photo/xmnn.cn]