China issues new measures to boost employment

“China has slowed down its economic growth, but the employment goal has not been downgraded, which shows the Party and government’s determination to guarantee and improve people’s livelihood”, said Mo Rong, the director of Institute of International Labor and Social Security under Ministry of Human Resources and Social Security (MHRSS).

Mo said that thanks to the country’s positive employment policy, the employment target has been over fulfilled in the past few years. New records of employment rate were set Last year. But it does not mean that the employment plan in 2013 will be easily completed. Mo added that compared with the past five years, it is more difficult to achieve the employment goal in 2013 because the employment trend has changed this year.

Employment issue is the derivative demand of economy development. The increase rate of gross domestic product (GDP) decreased to 7.8 percent in 2012, and the increase rate of investment slumped last year.

Mo said the impact of investment decrease from last year will emerge this year. The government report in 2013 targets GDP increase rate of 7.5 percent extending last year’s situation, which will generate negative effects to increase new jobs by expanding scale of production. In addition to that, the complicated international economy situation and foreign trade pressure are adverse for the realization of the employment goal.

The government work report has presented some new methods to promote employment goals:

First, increase new jobs by stabilizing economy growth and adjusting economic structure. With a better performance of enterprises, stable economic growth and extended production scale, more jobs will be created. Meanwhile, structure adjustment will also increase working posts.
　　
Second, improve employability and entrepreneurial capabilities and encourage people to start businesses to motivate employment.

Third, promote the steady growth of urban and rural residents’income to fuel economic growth by strengthening consumption ability.

Edited and translated by Ma Xi, People's Daily Online
Read the Chinese version: 数字解读政府工作报告
Source:People's Daily