简体中文
China will form a committee on employment aimed at better implementing the employment-first policy, according to a notice published on the State Council website on Wednesday. Vice Premier Hu Chunhua was appointed as the leader of the group.
Duties of the group include coordinating national employment work; researching major issues in employment; working on related regulations, plans and policies; and pushing government departments and local authorities to implement those regulations and policies.
China plans to create more than 11 million new urban jobs in 2019 and ensure around a 5.5 percent surveyed unemployment rate and a registered unemployment rate below 4.5 percent.
To meet the targets, policymakers have taken steps to alleviate company burdens, cut taxes and fees and lower the share borne by employers for the basic aged-care insurance of urban workers.
In particular, small and medium-sized businesses were among the top beneficiaries of favorable measures such as loan increase and tax cuts.
Chinese State Council decided to finance vocational training with 100 billion yuan (about 14.8 billion U.S. dollars) from the country's unemployment insurance fund balance to upskill the workforce on an executive meeting on April 30.
The Chinese economy expanded 6.4 percent year-on-year in the first quarter, with GDP reaching 21.343 trillion yuan. The growth target for 2019 was set at 6 to 6.5 percent.
(CGTN)
