China released last week a new policy package to promote sufficient and higher quality jobs, focusing on stimulating entrepreneurship and creating vacancies in strategic sectors such as advanced manufacturing, digital economy and artificial intelligence.
The Plan, prepared by the Board of State Employment Managing Group, provides for subsidies, tax incentives, training and support for autonomous work as ways to stimulate employment generation, especially between key groups such as newly graduated, migrant workers and people taken from poverty.
According to Chen Yongjia of the Ministry of Human Resources and Social Security, the proposal integrates economic growth and employment expansion. One of the priorities is to take advantage of the potential of state -of -the -art manufacturing – including areas such as biomedicine and smart equipment – and turn new consumer habits and community services into sources of occupation.
The document also proposes the maintenance of hiring in public agencies and state -owned companies, as well as investments in technical qualification to face the structural challenges of the market, such as those generated by industrial transformation and the record of 12.2 million graduates that should enter the market this year.
For researcher Li Chang’an of the University of International Business and Economics, new policies offer a coordinated response to the operational difficulties faced by companies, contributing to maintaining employment stability in the country.
Source: https://www.chinahoje.net/china-lanca-plano-para-ampliar-empregos-e-apoiar-empreendedorismo/
