China will create more than 10 million jobs in the urban areas in 2015, and to ensure that registered urban unemployment rate does not exceed 4.5 percent.

That is according to Chinese Premier Li Keqiang’s government work report.

He also highlighted in the report that popular entrepreneurship and innovation would be the new engines to spur economic growth in the country.

The Chinese government encourages emerging industries and new types of businesses by adding more funds for business development and innovation to the 40-billion-yuan government fund that is already in place.

So will China be able to produce millions more new jobs this year, with the downward pressure on its economy? How can China encourage more business startups, especially by college graduates?

Ni Hao, you’re listening to People In the Know, presenting you with insights into the headlines in China, and around the world, I’m Zheng Chenguang in Beijing.

People in the Know’s Qian Shanming speaks to Professor Yang Yansui, Director of the Career and Social Security Research Center of the School of Public Policy and Management of Tsinghua University in Beijing, and Robert Parkinson, CEO & Founder of RMG Selection, an international recruitment group.

Listen to the radio show on CRI: http://english.cri.cn/7146/2015/03/13/3621s869883.htm