CHINA TOPIX

11/22/2024 12:14:58 pm

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China Strives to Generate More Jobs

li-keqiang
(Photo : Chinese Premier Li Keqiang)

Chinese Premier Li Keqiang said the government will launch additional reform policies that would generate more jobs for the Chinese people in the coming years.

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Li, who met business representatives attending the World Economic Forum Annual Meeting in Dalian, said China is driven to perform its task of assuring livelihoods for its people, which he said means providing employment.

The top priority of the government is to ensure that there sufficient employment in the country, Li said. To achieve job generation, the country will adopt proactive employment policy and promote occupational training.

Expression Of Confidence

Li expressed confidence that generating more jobs will be achievable as the country now experiences positive economic activities. He added that the various initiated by the government to keep the economy growing will surely produce the "biggest bonus" in the near future.

Li's expression of confidence was based on recent data, economic figures, and analysis by experts that pointed to a recovering economy.

China has been consistently giving high priority on providing employment for everyone of working age. Chinese people look at employment as a guarantee of social stability and control, not just a mere means to earn income.

China Has 767 Million Employed Citizens

According to the China Labor Bureau, China's working age population in 2012 was 937 million. Of this figure, 767 million are employed and the number of workers employed China's urban areas continuous to increase in the past five years.

But even as the country has experienced development, China's unemployment rate has remained stable at around 4.1 per cent for the last 10 years, the China Labor Bureau said. The labor bureau noted that even during the economic crisis in 2008, where more than 20 million migrant workers were laid off, the country's unemployment rate only increase to 4.3 per cent, which meant only 10 million workers were added to the unemployed sector.

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