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In Depth: How Middlemen Cash In on China’s Drive to Fund Young Entrepreneurs

By Sangdan Baimu and Fan Qiaojia
2026年05月15日 19:13
A cottage industry of intermediary agencies is exploiting gaps in the system to skim government funds dedicated to helping recent college graduates start their own businesses
A cottage industry of intermediary agencies is exploiting gaps in the system to skim government funds dedicated to helping recent college graduates start their own businesses.

When a student we’ll call Yu Dongdong returned to China to launch a jewelry design startup, she did what many young entrepreneurs do: she turned to social media for information about government subsidies available to recent graduates.

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