China continues to prioritise stability of its labour market

The central government aims to create more than 11 million new jobs in urban areas this year and to keep the unemployment rate in urban areas under 5.5%.
By: | March 8, 2022

This is according to a recently released Government Work Report, which said that the government will continue to implement its employment-first policy to stabilise the job market.

To do so, more policies supporting the labour market will be implemented, while restrictions that may hinder growth of the job market and the development of start-ups and businesses will be eliminated.

For example, the government will continue to reimburse companies for unemployment insurance. Meanwhile, other policies will support key groups of people, including college graduates, demobilised military staff, and migrant workers.

In addition, the government will continue to improve the social security and labour rights protection of the flexibly employed, and increase measures to prevent gender discrimination and illegal behaviour that infringe on workers’ rights.

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The report also said some 100 billion yuan (US$15.8 billion) in funds will be set aside to stabilise the job market and improve training to produce more high-quality workers for manufacturing industries, according to China Daily.