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December 29, 2016

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Over 13m new jobs

CHINA created more than 13 million new jobs in cities this year as part of efforts to stabilize a slowing economy.

Minister of Human Resources and Social Security Yin Weimin disclosed the figure at an annual ministry conference yesterday. The number exceeds the official target of 10 million set early this year. The stable employment helped prop up economic growth, he said. Despite the economic slowdown, the government has managed to keep a low urban registered unemployment rate, partly by employment services and support for college graduates and laid-off workers from saturated heavy industries. In 2017, the ministry will cautiously push forward pension funds investment and improve the distribution of workers’ salary, Yin said.


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