China to Roll Out Measures to Stabilize Job Market, Xinhua Reports

Students scour a job fair for the class of 2018 at Peking University in Beijing on March 24. Photo: VCG

Students scour a job fair for the class of 2018 at Peking University in Beijing on March 24. Photo: VCG

China will carry out a series of measures to stabilize employment this year, the Xinhua News Agency reported Sunday, citing one or more officials at the Ministry of Human Resources and Social Security, underlining Beijing’s growing concern over employment amid a slowing economy.

China will reduce the burden on firms, Xinhua quoted the unnamed officials as saying. “Enterprises with few or zero layoffs can receive half of the previous year’s unemployment insurance premium back,” said a senior official.

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