China extends pro-job policies to boost employment
China will extend pro-job policies that will help alleviate the burdens of companies until end-2021, and will further support flexible employment, policymakers concluded at the State Council’s Executive Meeting last week.
“Employment shall remain front and centre in the government’s efforts to maintain stability on the six priority fronts and provide protections in the six key areas,” said Premier Li Keqiang, according to Xinhua.
“Job creation is as much about development as it is about people’s well-being. The positive growth of China’s economy last year was very much underpinned by the 11 million new jobs created,” he added.
“Employment pressure remains significant and is not to be underestimated. For a big country [like] China with 1.4 billion people, the government must always put employment high on its agenda, and maintain the consistency and sustainability of the job policy.”
The government is set on continuing subsidies for the unemployed, vocational training, upskilling, internships for college graduates, and provisional living allowances.
Companies employing select groups of the population, such as fresh graduates, will be eligible for tax breaks and social insurance subsidies.