China pledges greater efforts to stabilize employment

0 Comment(s)Print E-mail Xinhua, May 29, 2020
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China will step up efforts this year to stabilize employment, which matters most to people's livelihoods, Premier Li Keqiang said Thursday.

China will adopt all possible measures to secure existing jobs, Li said at a press conference after the conclusion of the third session of the 13th National People's Congress, the top legislature.

Primary-level governments will be allowed to use funds to subsidize companies' rents and offer them subsidized loans, as part of efforts to keep businesses and employment stable, according to Li.

In the meantime, China will make efforts to create more new jobs, Li said.

Noting that new forms of businesses and industries are mushrooming and providing an increasing number of jobs, Li called for more policy support for emerging sectors and measures to scrap unnecessary and unwarranted restrictions that prevent their development.

China had more than 10,000 new enterprises everyday on average last year, and will work hard to keep the figure stay at this level this year, he said.

Li also stressed efforts to provide services for college graduates, rural migrant workers and demobilized military personnel to help them find jobs.

China aims to create over 9 million new urban jobs in 2020, with a surveyed urban unemployment rate of around 6 percent, according to the government's annual work report.

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