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Business

The entrepreneurship bug bites Chinese youth

Many young would-be business owners frequent the Garage Cafe in Beijing's Zhongguancun district.

BEIJING -- Many Chinese youth, seeking to catapult themselves to prosperity, have decided that starting their own business is the way to go. 

The Chinese government, for its part, is doing what it can to promote the trend, hoping venture companies will become the new growth drivers in a slowing economy. The ambitions of these young job seekers are partly a reflection and partly a cause of income inequality in China.

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