Study On The Role Of China’s Communist Youth League Organizations In Promoting Youth Business

Business venture is a process to create social wealth by utilizing business opportunities. Youth organizations as the backbone force in social development are also major force in business venture. And the capability of young people to start business can have direct impact on their country’s economic strength. Today, youth business in China still has inadequate supporting policies and insufficient innovative impetus, a relative low rate of entrepreneurship and a lack of business venture resources. The Communist Youth League (CYL) of China, a mass organization under the leadership of the CPC, also the Party’s assistant and reserve force, shall take the responsibility of guiding, supporting and facilitating business venture efforts of Chinese young people.Under the new historic background, this essay focuses on the topic of youth business venture, takes the methods of information retrieval, induction and case interview to research problems in CYL organizations’work for promoting youth business venture and accordingly puts forward suggestions for improving CYL organizations’role in this regard.The author targets the following problems through analysis, i.g. entrepreneurship education and training is not successful enough, CYL youth business projects are difficult to realize, capital for youth business is limited and entrepreneurship services from CYL organizations are inadequate. Major reasons behind those problems, include imbalanced distribution of entrepreneurship education resources, narrow and limited channels for CYL organizations to collect business venture capital. Other important reasons are that specialized CYL programs are difficult to develop due to inadequate local development conditions, or CYL organizations are inadequate in their awareness and capability to serve youth business. The author also suggests several solutions to those problems, i.g. integrating business venture and education resources to provide intellectual support, facilitating localization of youth business projects to make them more practical, expand and increase financial channels to raise more business venture capital, improving working capability of CYL organizations to offer more supporting policies and create better environment for youth business.