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China Should Tackle Rising Unemployment: Daily

CHINA PRESS

China should tackle unemployment and create more jobs through direct aids to businesses and protecting vulnerable groups such as students, migrant workers and people in difficulties, the Economic Information Daily, run by the official Xinhua News Agency, said in a commentary. The number of new jobs added in the first 8 months of 2020 was down 20.6% y/y, and the unemployment rate in August ticked up 0.4% y/y, the Daily reported citing the National Bureau of Statistics. China will enforce policies such as fiscal and tax support and optimize the business environment to provide direct support to industries heavily impacted by the pandemic, the newspaper said. Skills training, entrepreneurial support, and employment aids should be used to further stabilize the labour market, the Daily said.

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