Latest News:  
Beijing   Light to moderate rain/Light rain    13 / 8 ℃  City Forecast

English>>China Business

Economic restructuring to reduce unemployment

(Xinhua)

13:21, November 07, 2012

China's ongoing economic restructuring may help cut its structural unemployment, said Song Li, an economist with China's National Development and Reform Commission.
Speaking at the 7th China-Singapore Forum in Singapore on Tuesday, Song said both the economic restructuring and the adjustment in the education system are expected to help alleviate the structural unemployment.

Some of students are expected to favor technical education rather than universities, if they see that it is easier for students of technical education to find jobs than it is for than graduates, he said.

Song, who is the deputy director of the Institute of Economics Research, the Academy of Macroeconomic Research, the NDRC, said that a recent survey with employers also showed that the demand for graduates are increasing, while the demand for cheap labor is decreasing.

Nevertheless, he said, "it will take time (for the technical education to be favored by more students)."

China added 10.24 million jobs in the first three quarters of the year, which is more than the full-year forecast. But the country has been experiencing a shortage of cheap labor in the recent several years, pushing up the wages for low-skilled jobs. Meanwhile, some of the students with degrees find it difficult to find the jobs they want.

【1】 【2】


Recommended Features:
[Special]'Made in China' Revisited From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
Gold collection issued to mark 'Year of Snake' China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
IPR in China: Causes for the Thriving Cause Caofeidian coal wharf put into use Canton Fair wraps up on Sunday


Email|Print|Comments(Editor:梁军、马茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's stealth fighter concept model

  2. PLA Macao Garrison finishes 13th rotation

  3. Unforgettable moments in Nov. (III)

  4. Flight test of unmanned aircrafts conducted

  5. First inter-blood-type liver transplant in China

  6. Harbin Autumn Automobile Exhibition

  7. Embroider best wishes on insoles in Shanxi

  8. China's rich people will reach to 280 million

Most Popular

Opinions

  1. Commentary: Hot money needs cooling
  2. Smart solutions for better city, better life
  3. China remains an 'engine' in global economy
  4. M&A of listed companies gaining steam
  5. Is 'culture' inferior to 'commercialization'?
  6. Chinese liquor makers "sober up" over bans
  7. Strength of Chinese culture lies in understanding
  8. Securing China's e-commerce growth
  9. Hammered ore prices threaten Chinese iron miners
  10. CNN Beijing chief: China's challenges, opportunities

What’s happening in China

Landmark building should respect the public's feeling

  1. Herders, sheep flock move to winter pasture
  2. First inter-blood-type liver transplant in China
  3. HIV patient to sue hospital over cancer op refusal
  4. Test in intelligent vehicle for food detection
  5. Smart card, dumb refund rules