China to strengthen support for employment: State Council meeting



China will reinforce policies to support employment and drive up consumption with more investments, according to a State Council executive meeting chaired by Chinese Premier Li Keqiang on Thursday.

The meeting pointed out that employment is the foundation of people's livelihood and more will be done to boost jobs in the country.

The proposed measures include timely delivery of unemployment insurance and the provision of social insurance subsidies for flexible employees. Flexible employees are those who take part time jobs via various platforms, including delivery workers or ride-hailing drivers.

Local governments should support platform enterprises with special-purpose loans, the meeting said.

The meeting also concluded that the balance of special-purpose bond quota worth over 500 billion yuan ($71.92 billion) should be leveraged and issued by the end of October according to laws.