China releases new employment policies
China will move to increase job creation and encourage entrepreneurship as employment pressure rises, according to a government document released on Wednesday. The document, approved by the State Council, China's cabinet, underlined the importance of job creation, urging policymakers to work out more pro-job policies. Support should be extended to micro and emerging businesses, the engines of job creation. A more flexible social security system should be applied to those sectors to protect employee rights. The document also urged local authorities to cut red tape to encourage entrepreneurship and extend more subsidies to the startups set up by college graduates and overseas returnees. The government should reach out to zero-employment and low-income families and ensure at least one family member has a job.
Beijing sees robust patent growth