Shanghai to provide 500,000 new jobs in 2004

Home>>Business

Last updated at: (Beijing Time) Saturday, January 10, 2004

Shanghai to provide 500,000 new jobs in 2004

Shanghai plans to create 500,000 new jobs in 2004 in a bid to reduce the city's unemployment rate to under 4.6 percent, the Shanghai Municipal Bureau of Labor and Social Security said Friday.

DISCUSSION

CHINESE

SEND TO FRIEND

Shanghai plans to create 500,000 new jobs in 2004 in a bid to reduce the city's unemployment rate to under 4.6 percent, the Shanghai Municipal Bureau of Labor and Social Security said Friday.

Most of the new jobs will go to workers laid off from state-owned enterprises, said Director Zhu Junyi of the bureau at a meeting on employment and social security in 2004.

Zhu said the government will try to develop a number of projects this year, which are expected to provide about 10,000 new jobs each.

Individuals are encouraged to start their own businesses, and the government will make incentive policies concerning taxes and loans to support the endeavor.

According to the bureau, the municipal government created 460,000 new jobs in 2003, when the number of registered unemployed persons reached 300,000, with the unemployment rate standing at 4.9 percent.

Questions?Comments? Click here

Shanghai initiates new projects to provide jobs for unemployed

Shanghai City to Create 200,000 Jobs

Exploration rover "Spirit" lands safely on Mars ( 9 Messages)

Two major state banks to pilot joint-stock system ( 3 Messages)

China pondering its own "green card" system ( 16 Messages)

Roaring BMW: Was it "road rage" or an accident? ( 2 Messages)

Beijing's traffic no longer a headache by year 2008 ( 5 Messages)