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CHINA PRESS: China Should Increase Support For Unemployed

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Authorities should issue minimum living subsidies to all jobless residents that do not receive unemployment benefits using information technology and community management experience, wrote Jia Kang, founding president at the China Academy of New Supply-side Economics. Authorities should also raise special treasury funds to ensure the basic operations and salary payments of local governments to reduce their motivation to increase fines and confiscations to raise revenue, Jia said. (Source: Yicai.com)

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Authorities should issue minimum living subsidies to all jobless residents that do not receive unemployment benefits using information technology and community management experience, wrote Jia Kang, founding president at the China Academy of New Supply-side Economics. Authorities should also raise special treasury funds to ensure the basic operations and salary payments of local governments to reduce their motivation to increase fines and confiscations to raise revenue, Jia said. (Source: Yicai.com)