Returning talent finds support

China has more than 150 business start-up incubators for Chinese students who have studied abroad, according to a statement issued at a national working conference on services for returning Chinese students on Monday.

These incubators provide business start-up services for more than 8,000 enterprises and 20,000 returning students.

About 80 percent of Nasdaq-listed Chinese high-tech enterprises were started by students who have returned to China after studying abroad.

According to the statement, over the past three decades since China's reform and opening-up, 632,200 overseas Chinese students have returned home, of which 399,300 have returned during the past five years.

Xinjiang

SOEs key to economy

State-owned enterprises (SOE) directly under the central government will invest more than 1 trillion yuan ($156 billion) in the Xinjiang Uygur autonomous region in the next five years, the SOE watchdog said on Monday.

Forty-four SOEs had a total investment of 574 billion yuan in Xinjiang by the end of last year, covering petrochemical, coal, power and building materials, contributing 70 percent to the industry added value of Xinjiang, according to the Xinjiang branch of the State-owned Assets Supervision and Administration Commission.

Hubei

Rain triggers mudslides

About 100 people were trapped after mudslides triggered by heavy downpours hit Central China's Hubei province on Monday morning, said local authorities.

The debris of the mudslides covered parts of National Highway 209 in Xingshan county and Shennongjia forest district. The rubble buried several vehicles on the highway, said the spokesman, adding that casualties were not immediately known.

Amhui

City split into three pieces

Chaohu, a city in East China's Anhui province, will vanish from the map.

The city, together with a district and four counties previously under its administration, will be split and merged into three other cities in the province - the provincial capital Hefei, Wuhui and Ma'anshan, the provincial government announced on Monday.

The adjustment is expected to facilitate the ecological improvement of Chaohu Lake and strengthen the core cities along the Yangtze River in the province.

Chaohu is in the center of Anhui province and is named after Chaohu Lake, China's fifth largest freshwater lake.

China Daily - Xinhua

(China Daily 08/23/2011 page2)