Ur­ban job­less sta­ble at 5.1 per­cent: NBS

China Daily (Canada) - - BUSINESS -

China’s ur­ban un­em­ploy­ment rate stayed at 5.1 per­cent through­out Jan­uary and Fe­bru­ary, ac­cord­ing to a new re­search by the Na­tional Bureau of Sta­tis­tics. The rate, based on a sur­vey in 31 ma­jor cities, was un­changed from Jan­uary and 0.05 per­cent­age point below the same pe­riod of last year, NBS chief Ning Jizhe said in a by­lined ar­ti­cle posted on the bureau’s web­site on Tues­day. Al­though un­em­ploy­ment rose in some re­gions and sec­tors, the govern­ment’s en­cour­ag­ing poli­cies and emerg­ing busi­nesses helped sta­bi­lize the job mar­ket, Ning wrote. has elim­i­nated out­dated ca­pac­ity and of­fers room for more qual­ity pro­grams,” said Fang Jianbo, deputy head of the com­merce bureau of Dong­guan, a city in Guang­dong prov­ince dubbed the “world’s fac­tory” and a barom­e­ter for the coun­try’s eco­nomic changes. Some 362 for­eign en­ter­prises were shut down or re­lo­cated in 2015, ac­count­ing for 3.3 per­cent of the to­tal num­ber of for­eign firms in the city. Most of the firms were la­bor-in­ten­sive man­u­fac­tur­ers, said Fang.

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