Nine million urban Chinese employed

(Xinhua)
Updated: 2006-10-27 09:41

Meanwhile, China has made "a relatively high employment rate" a major goal in building a harmonious society by 2020.

A source with the Ministry said they will now focus on improving reemployment, especially in the less developed central and western areas and the old industrial bases, where there are big pools of workers laid off from bankrupt or shut-down enterprises.

The government will also implement policies aimed at encouraging college graduates to find jobs in the remote west and in grass-roots units, or to start their own business.

Official data show that more than 9 million urban Chinese found employment in each of the past few years, but that the country's average 10 percent economic growth over the past two decades was no longer able to mop up surplus labor.

"The economic boom is no longer providing as much employment," said Mo Rong, deputy chief of the labor science research institute under the Ministry.

He said that a lot of China's roaring investment fails to create many jobs. The country needed to develop the service sector and promote small and medium sized enterprises, which can create more jobs, said Mo.
 12

(For more biz stories, please visit Industry Updates)

 
 

Related Stories