Free Trial

Unemployment Pressure Remains - Ministry of Social Security

CHINA PRESS
MNI (BEIJING)

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

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.