2020 goal: 50 mil­lion new jobs

China Daily (Canada) - - NEWS CAPSULE -

China will pro­vide pref­er­en­tial poli­cies and job train­ing pro­grams for tar­geted groups to pro­duce 50 mil­lion new jobs by the end of 2020.

As part of ef­forts to keep the un­em­ploy­ment rate be­low 5 per­cent each year, the gov­ern­ment will help the groups land jobs, es­pe­cially col­lege grad­u­ates and work­ers laid off due to over­ca­pac­ity, ac­cord­ing to guide­lines re­leased by the State Coun­cil.

Pref­er­en­tial poli­cies for grad­u­ates in­clude tax cuts and tu­ition fee re­duc­tions, if they are will­ing to work in dis­tant ru­ral ar­eas.

The cen­tral gov­ern­ment will launch spe­cial pro­grams to help re­source-in­ten­sive ar­eas to re­lo­cate laid-off work­ers, ac­cord­ing to the guide­lines.

China will lay off 1.8 mil­lion work­ers in the coal and steel in­dus­tries, ac­cord­ing to the Min­istry of Hu­man Re­sources and Social Se­cu­rity.

An es­ti­mated 4.8 mil­lion job open­ings will be cre­ated by re­tire­ment each year dur­ing the 13th Five-Year Plan pe­riod (2016-20).

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