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Unemployment Pressure Remains - Ministry of Social Security

CHINA PRESS

China's unemployment level will remain under significant pressure in the short term, as sectors affected by the pandemic will take time to recover, and exporting employers face a downturn next year, according to Yu Jiadong, Vice Minister of the Ministry of Human Resources and Social Security. In addition, structural challenges such as quickening industrial transformation are leading to a shortage of skilled labour. China should implement monetary and fiscal policy conducive to expanding employment, and promote programmes such as college graduates entrepreneurship scheme. Yu’s comments were reported in an article from Caixin.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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