China to implement employment-boosting measures
The Chinese government has decided to take concrete steps to boost and expand employment, including the provision of incentives.
The decision was put forth during a State Council’s executive meeting led by Premier Li Keqiang,
“Employment creation is the primary mission of economic development and a fundamental livelihood issue for the people,” Li said.
“As we are still expected to face considerable employment pressure in the coming year, we must prepare well and take precautionary measures as much as possible, which may include giving local governments and businesses more flexibility in employment policies,” he added.
Employment has expanded steadily, but it must remain high on the government’s agenda to see a steady creation of new jobs as well as improvement in the employment structure.
Measures discussed have included providing support to local businesses and startups, jobless youths, and college graduates.
According to the Ministry of Human Resources and Social Security, 11.07 million jobs have been created in the first nine months, an increase of 100,000 in a similar period the previous year.
Additionally, China’s unemployment rate reportedly improved to 4.9% in September, declining 0.1% year-on-year.