40% of young Chinese entrepreneurs are female: Report

BEIJING: About 40 per cent of young Chinese entrepreneurs are female, according to a new report.

The report was based on a survey of 6,928 entrepreneurs aged 16 to 35 and was jointly published by the China Foundation for Youth Entrepreneurship and Employment and the Chinese Academy of Labour and Social Security, Xinhua news agency reported on Sunday.

Nearly 70 per cent of the surveyed entrepreneurs were over 25, the report said, while about 55 per cent were college students before starting their businesses.

Under preferential policies, people from all walks of life are becoming entrepreneurs, but college students remain the majority, the report said.

The report also noted that 63 per cent of the respondents run service industry businesses.