China created 11 million jobs from January to September
China’s Ministry of Human Resources and Social Security has said that the country created more than 11 million new jobs in 2018. This is an increase of some 100,000 from the same period in 2017.
Concurrently, according to the National Bureau of Statistics (NBS), the urban unemployment rate was 4.9% in September, down by 0.1% from August.
Mao Shengyong, spokesperson for the NBS, noted that the number of newly created jobs in urban areas met the year’s annual employment target three months early.
Recently, the Chinese government has looked to improve employment through a series of policies and measures, including an expansion of vocational training opportunities.
Interestingly, it has also been found that China’s university graduates are increasingly joining start-ups, or even launching their own.
Almost 330,000 graduates started their own businesses in the first half of this year alone – a 10% increase from the same period last year.