China Jobless  Rate Rising
China Jobless  Rate Rising

China Jobless Rate Rising

China Jobless Rate Rising

China’s cabinet said on Wednesday that risks of mass unemployment in some regions and sectors have increased and pledged more fiscal and monetary policy support to address the potential rise in the jobless rate, CNBC reported. It said in a guideline posted on its website that China must place employment as a top policy priority. The Chinese government will appropriately reallocate workers from sectors affected by capacity cuts such as steel, coal, and coal-fired power. The State Council said China faces “intensified structural conflicts” in its current job market, but it must place employment as a top policy priority and address the new challenges to keep its employment rate stable. China’s official unemployment rate–which only accounts for urban, registered residents–has held around 4% for years, despite a slowdown that has seen growth cool from the double-digits to quarter-century lows of under 7%. The State Council said provincial governments in those regions should take measures such as increasing the stipend for firms under job-shedding pressures.


Short URL : https://goo.gl/ff18wo
  1. https://goo.gl/zHWZJ1
  • https://goo.gl/aA7Kpf
  • https://goo.gl/0fKKDu
  • https://goo.gl/o1Hyyq
  • https://goo.gl/zdYDDM

You can also read ...

India is too poor to grow without exporting.
A trade war would bring forward the next financial crisis...
Turkey’s January industrial output rose an annual 12%.
The International Monetary Fund on Thursday revised up its...
Online searches for “bitcoin” fell 82% from December highs.
Suddenly, Bitcoin seems a bit boring. It might be hard to...
Global consumer confidence Primary Index in March has risen to 50.6, tying the record high set in January 2018.
Simmering fears of a global trade war; an embarrassing...
MSS Market in ASEAN Shows 22.3% Growth
The Managed Security Services market in ASEAN continued its...
Nippon Steel seeks a sharper edge in specialty products.
Nippon Steel & Sumitomo Metal will buy Swedish counterpart...
EBRD’s First Lebanon Deal
The European Bank for Reconstruction and Development has made...
Singapore Exports Fall
Singapore’s key non-oil domestic exports unexpectedly declined...

Add new comment

Read our comment policy before posting your viewpoints