Latest News:  
Beijing   Sunny    1 / -5   City Forecast

People's Daily Online>>China Business

SME rescue efforts boost employment

By Chen Xi (China Daily)

08:28, December 09, 2011

KYOTO, Japan - Struggling companies are getting more support from the Chinese government to keep and create jobs, a senior labor official said.

China intends to create 9 million to 10 million jobs a year, but experts say the worsening situation faced by small and medium-sized enterprises (SMEs) in coastal regions complicating the effort.

To ease the problem, the nation will introduce more active fiscal and financial policies to help SMEs to survive, and thus sustain employment and create jobs, said Wang Yadong, deputy director of employment promotion department at the Ministry of Human Resources and Social Security, on Monday.

"More forceful tax breaks and social security subsidies, as well as easier financing channels for SMEs will be created soon," said Wang, who attended the International Labour Organization's (ILO) regional meeting in Kyoto.

Many export-oriented companies in coastal areas have seen orders dwindle because of the weak markets in the United States and Europe and the sovereign debt crises in the eurozone. Some have gone bankrupt, leading to job losses.

China's more than 40 million SMEs account for about 80 percent of workers in urban areas.

In October, the nation's export growth stood at 15.9 percent, the lowest year-on-year rise in eight months, according to government figures.

"Many SMEs in coastal areas such as Zhejiang and Guangdong provinces are in trouble. They desperately need funding to survive," said Chen Lantong, vice-president of the China Enterprise Confederation.

【1】 【2】

We Recommend


Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese Buddha sacred tooth relic

  2. Whaling process of Eskimos in Alaska

  3. Drama artists perform Chinese opera

  4. Mysterious land at end of world - Antarctica

Most Popular


  1. Low pay, tough competition for graduates
  2. Internet piracy down as gov't toughens regulations
  3. China urges more voice from developing countries
  4. China-led strong currency area foreseeable
  5. Can US-Pakistan ties survive current crisis?
  6. Old bear does not dance to Western tunes
  7. China can play critical role in reshaping global order
  8. Falling yuan funds make room for RRR adjustment
  9. Global chaos offers hints of new world order
  10. Playing the anti-China card

What's happening in China

Swimsuits show held ahead of New Silk Road Model Final

  1. Beijing raises fuel standards
  2. Public lecture held to pay tribute to Red Cross
  3. Egg trade draws desperate girls
  4. Due to radiation fears, Meiji milk still banned
  5. Wealth gap "widely felt" in China

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance