This visa can work for graduates with no working experience or people over the age of 60, but of course as always there are some catches...
The Bad News: First, it's still just a pilot program. Second, the visa can only be extended if you've managed to actually set up a company. Third, you have to submit an "entrepreneurship or investment related certificate from certain economic development zones, high-tech parks, or corporate incubator spaces designated by the government."
So it's not just setting up shop in your kitchen.
The Good News: The visa's valid for foreigners looking to invest in and/or innovate in business, foreign students who have graduated from a Chinese university who have "the willingness to innovate," and recent outstanding overseas graduates from elite universities in China and abroad.
We get the feeling "innovation" is going to be an important factor in decided whether you get accepted or not. Craft malt gelato. Now with blockchain.
If you're looking for help with visa, staffing or incorporation, check out the business consulting services section in our directory.