China's State Council announced over the weekend a plan to provide incentives to job-seeking college graduates, including professional training and preferential loans for start-ups.
The government said it would help train one million unemployed college graduates in the coming three years to make them better qualified for jobs.
For graduates who are willing to work in rural areas or join the armed forces, the loans for completing their college education might be partially or fully waived, the notice said.
Labor-intensive companies are also encouraged to recruit college graduates, with preferential government loans up to two million yuan ($293,000) for each company.
Any graduates who are willing to kick off their own business would qualify for small loans of 50,000 yuan each.
The Ministry of Human Resources and Social Security said that as of December 31, there were 8.86 million urban residents registered as unemployed, 560,000 more than at the end of the third quarter.