Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 5 (Xinhua) — China’s labor market has seen moderate and steady development momentum this year thanks to comprehensive efforts including a series of employment protection policies, said Chen Yongjia, an official with the Ministry of Human Resources and Social Security.
Employment support plans have been systematically formulated to expand opportunities in key sectors, leading industries, urban and rural grassroots, and micro, small and medium enterprises, he said during the latest edition of the China Economic Roundtable, a multimedia discussion program hosted by Xinhua News Agency.
According to him, a comprehensive package of policy measures has been implemented, which includes increasing the limit of lending for maintaining and expanding jobs, expanding the coverage of subsidies for creating new jobs, continuing measures such as the return of funds for employment stabilization and subsidies for upgrading skills, to maximize the potential of the policy.
As for training in needs-oriented skills, large-scale vocational training has been organized to continuously improve the qualification level of the economically active population, he noted.
China is also focusing on targeted support to ensure full employment for key groups. It has released a new package of 17 measures to promote employment for young people and provide strong unemployment protection for target groups, the official added.
Chen Yongjia assured that China will promptly take additional measures to expand employment, thereby providing a reliable foundation for strengthening the fundamental foundations of economic development and social stability.
Official data shows that the number of Chinese college graduates is likely to reach 12.22 million in 2025, up 430,000 from last year.
China’s labor market has remained generally stable in recent weeks, with the average survey unemployment rate in China’s cities and towns falling from 5.2 percent in March to 5.1 percent in April, according to the National Bureau of Statistics. -0-