BEIJING, Dec. 4 -- China will have an estimated 7.49 million college graduates in 2015, a year-on-year increase of 3 percent, according to the Ministry of Education.

The figure was revealed Thursday at a meeting on graduates' employment.

At the meeting, Minister Yuan Guiren urged colleges to strengthen education of students on innovation and starting a business, allowing students to suspend from school to start their own businesses.

According to Yuan, universities and colleges should give more consideration to employment when making admission plans, allocating funds and adjusting departments and disciplines.