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China created a staggering 65 million job opportunities in last five years, reemployed 25 million laid-off workers

The General Employment Market In China Is Stable. On Average, More Than 13 Million New Job Opportunities Were Created Every Year In The Past Five Years In The Urban Areas, He Said.

PTI | Updated on: 22 Oct 2017, 09:01:23 PM


About 65 million job opportunities have been created in China in the last five years due to pro-employment and entrepreneurship policies, a Chinese official has said.

China is confident about a sustained employment market as it moves forward to build a moderately prosperous society in 2020, Yin Weimin, Minister of Human Resources and Social Security, said on the sidelines of the once-in-a-five-year Congress of the ruling Communist Party of China (CPC).

More than 65 million job opportunities were created in the past five years and 25 million laid-off workers were reemployed, he said.

"The general employment market in China is stable. On average, more than 13 million new job opportunities were created every year in the past five years in the urban areas," he said, noting that China still faces many challenges.

Next year, the number of university graduates will reach an unprecedented high of eight million and the number will remain high for a while. Meanwhile, there is a supply-demand gap for skilled workers in the country, he was quoted as saying by the state-run China Daily.

The registered unemployment rate in urban areas remained low though the growth of the Chinese economy, he said.

To ensure stable employment, China has rolled out an array of pro-employment and entrepreneurship policies, while the country's entrepreneurial wave and the growth of the tertiary industry has also helped fuel job creation, he said.

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First Published : 22 Oct 2017, 09:00:59 PM

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