nhk world's naoki makita has more. >> reporter: thousands of young people flock to a job fair in shanghai. 370 companies were looking to hire new people. the number of students completing university is the largest ever this year. as more young people with high education enters the workforce, many are finding it difficult to get their dream job. despite a drop in china's birthrate, the number of college graduates has more than doubled over the past ten years. they are facing intense competition trying to land a job. >> translator: i'm looking for work in the i.t. field which was my major. but it's very tough. look at all these people here trying to get a job. there's a lot of pressure. >> reporter: to ease the situation, the government is encouraging students to start off in their own businesses. last year this university near shanghai began offering a new course. it teaches students how to go about setting up their own companies. students don't have to write graduation papers. instead they must develop a business plan and try to raise about $25,000 from investors. >> translator: it's usel