Unemployment fund

Using the huge surplus of the unemployment insurance fund can go a long way to easing the impact of the financial crisis on enterprises and workers.

The action by Guangzhou, Guangdong province, to reduce payments from enterprises to this fund by a large margin from next year opens up other ways to derive benefits from it.

Statistics show that the fund amounted to 120 billion yuan ($17.5 billion) nationwide at the end of September this year.