China should spend limited resources....>

CHINA PRESS: China should spend limited resources on stabilizing employment and

supporting small-and-medium enterprises after the epidemic instead of

large-scale infrastructure investment, Caixin reported citing Ma Jun, a member

of the PBOC's monetary policy committee. Though infrastructure investment can

make GDP grow faster, such growth is less significant to people's livelihood

than others such as boosting employment, Ma said. SMEs, which employ hundreds of

millions, face financial difficulties in the first half, and large-scale layoffs

by this sector may lead to serious social problems, Ma told Caixin. There are

also 8 million new college graduates looking for jobs in the summer, and many

that normally do the hiring have planned to scale back, Ma said.