China's 4 trillion yuan stimulus package creates 22 million jobs

15:17, September 17, 2010      

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China's 4 trillion yuan stimulus package has created 22 million job opportunities over the past two years, said Yin Weimin, minister of Human Resources and Social Security, when delivering a keynote speech at the Fifth Asia-Pacific Economic Cooperation (APEC) Human Resources Development Ministerial Meeting in Beijing on Sept. 16.

Yu said China will strive to build a harmonious society, achieve full employment and create decent job opportunities in the present and a certain future period.

Yin said that the government helped more than 1.6 million troubled enterprises to stabilize 60 million job posts in 2009 by means, such as postponing the collection of social security contributions, lowering social insurance premium rates and offering social security, post and training subsidies.

The government also initiated the "Special Professional Training Plan" that subsidizes professional training and supports entrepreneurship in order to expand the training coverage, prolong training time, reduce the number of unemployed and enhance trainees' career transfer and employment adaptation abilities.

In 2009, relevant departments organized a total of more than 21 million urban and rural workers to participate in government-subsidized professional training. The government allocated 29.1 billion yuan in social security funds in 2009, an increase of almost 17 percent from the previous year.

In additional, in order to expand the social security coverage and raise the remuneration standard, the government launched a new type of rural social pension pilot scheme in 320 counties, covering 130 million rural residents for the first time.

By Zhang Qian, People's Daily Online


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