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China releases new employment policies

2017-April-20       Source: Xinhuanet.com

China will move to increase job creation and encourage entrepreneurship as employment pressure rises, according to a government document released on Wednesday.

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 policy makers 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 rights of the employees.

The document also urged local authorities to cut red tape to encourage entrepreneurship and extend more subsidies to the start-ups 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.

China's job market faces grim reality as the economy slows while college graduates increase every year.

Editor: Will

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