Free Trial

China Quickens Efforts To Stabilise The Job Market: News

CHINA PRESS
MNI (Singapore)

China will speed up funds to safeguard employment, develop new jobs and cut and defer taxes for companies, Shanghai Securities News reported. The current difficulty lies in promoting the employment of young people, as the number of graduates hits a record high of 10.76 million but only 11 million urban new jobs are expected to be added this year, the newspaper said citing analysts. Meanwhile, young migrant workers going to cities for work continues to rise, the newspaper said noting the unemployment rate of the population aged 16 to 24 rose to 18.2% in April from 16.0%.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.