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China releases guidelines in an effort to boost employment
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China announced new measures to boost employment, Xinhua news agency reported yesterday.
The guidelines, following the central bank’s aggressive stimulus package unveiled on Tuesday, said the country will promote the coordination of fiscal, monetary and industrial policies to step up employment as a driving force for development.
According to the guidelines, efforts should be made to create more high-quality jobs, including transforming and upgrading traditional industries, fostering and strengthening emerging industries, developing future industries and accelerating the development of advanced manufacturing clusters.
Measures should be taken to expand new employment spaces in the digital economy, create more new jobs related to green industries and cultivate new growth points of employment by developing the silver economy, the guidelines state.
They included more support for “college graduates and other young people,” such as promoting better wages, training and opportunities for further study.
Policymakers called for more effective youth employment services, such as targeted career guidance and internships, as well as better assistance for graduates from poor families and “long-term unemployed youth.”
They called for efforts to tackle structural unemployment, such as improving the system of lifelong vocational training.
The 24-point document also urged better protections for gig workers and the self-employed, as well as stronger guarantees on labour rights.
Policymakers called for refining the targeted and effective public services system for employment and the system of providing employment support for key groups, as well as optimizing the system for supporting self-employment and flexible employment.
The guidelines also stress the promotion of reasonable increases in people’s remuneration for labor and expanding the coverage of social insurance.
“Employment... concerns the vital interests of the people, the healthy development of the economy and society, and the long-term stability of the country,” it said, according to CCTV.
China will aim to “prevent the risk of large-scale unemployment and take it as a bottom line” and “improve workers’ job stability and reasonable income,” Xinhua reported.
China has created 8.26 million jobs in the first seven months, or 68.8 percent of the annual job creation goal.
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