New rules from the central authorities in China are allowing tax incentives to start-ups and employers who hire people officially listed as unemployed.
CRI's Li Dong has the details.
Reporter: According to a new joint statement issued by the Ministry of Finance, Ministry of Human Resource and Social Security and State Administration of Taxation, businesses established by registered unemployed workers are allowed a maximum annual tax reduction of 9,600 yuan--that's about 1,560 U.S. dollars.
Xu Jikun, who started his own travel agency after many years of preparation, says he believes this policy may benefit many medium and small business startups like his.
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