The 2014 rural youth entrepreneurship competition has been launched in Taicang. The application period will run through June 30.

The contest is jointly sponsored by the Taicang Youth League Committee and the Taicang branch of Agricultural Bank of China (ABC). It aims to encourage and empower young rural people to develop their own businesses.

The competition will consist of a primary election and a final election to select and support innovative and operational start-up programs with good market potential.