China’s government announced Wednesday that it will strengthen efforts to stabilise employment, unveiling plans to expand targeted loans and increase social insurance subsidies for businesses in a bid to spur hiring. In a notice issued by the State Council, authorities said they will enhance the existing policy toolkit and introduce additional measures as needed in response to evolving labour market conditions.
The move underscores Beijing’s growing focus on employment stability amid ongoing economic pressures, including weak consumer demand and a sluggish property sector. The government said it remains committed to supporting key sectors and vulnerable groups, aiming to shore up job creation and maintain social stability.
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China Daily has much more here:
State Council announces new policies to further promote employment
This article was written by Eamonn Sheridan at www.forexlive.com.