China added 2.97 million new urban jobs nationwide in the first quarter of the year, with a surveyed urban unemployment rate of 5.3% in March, indicating that the country’s employment situation remains stable. in general, as reported on Monday by the Ministry of Human Resources and Social Security.
As part of efforts to optimize policies and measures to stabilize employment, China will continue to implement favorable employment policies until the end of 2024. It is estimated that the burden on enterprises will be reduced by 180 billion yuan (26 billion U.S. dollars) from annual average, according to the press conference.
China is committed to maintaining the smooth functioning of the foreign exchange market
In addition, China has been promoting youth employment, including college graduates. As of mid-April, 4.2 million vacancies had been offered at job fairs in large and medium-sized cities, and 197 special service activities for job search had been launched.
China will continue to apply favorable employment policies until the end of 2024
As part of the improvement of qualifications, in the first quarter of 2023, more than 2.61 million vocational training vouchers were issued and 3.5 million subsidized vocational training courses were carried out throughout the country, according to the Press conference.
Article republished from the Chinese state media CGTN within the framework of an agreement between both parties to share content. Link to the original article:https://news.cgtn.com/news/2023-04-24/China-creates-2-97m-new-jobs-in-first-quarter-1jgj0ozw6Os/index.html
CGTN is a Chinese state media organization with a focus on international news. Headquartered in Beijing, CGTN has three production centers, located in Nairobi, Washington DC and London, with professionals from around the world. CGTN’s television channels are available in more than 160 countries and regions around the world, including the Global Video News Agency.
CGTN and ReporteAsia have an agreement to share and republish content.
