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The Shanghai Education Commission said yesterday that local university graduates had set up 132 companies, with a total registered capital of 71.85 million yuan (US$8.98 million) by the end of last year.

 

The student companies had provided 809 jobs. Meanwhile, nearly 1,277 new graduates volunteered to work in the country's underdeveloped western regions last year, with another 1,200 responding to the city's need to work as teachers in local rural areas.

 

(Shanghai Daily January 23, 2007)