China Sets Out New Guidelines to Boost Employment, Tackle 'Big Economic Downward Pressure'
Yicai Global
/SOURCE : Yicai
China Sets Out New Guidelines to Boost Employment, Tackle 'Big Economic Downward Pressure'

(Yicai Global) Feb. 7 -- China is currently under big economic downward pressure and faces challenges in boosting employment, said an official from the National Development and Reform Commission (NDRC), China's top economic planner under the State Council.

The NDRC has set out official guidelines for promoting job growth on its website today.

China should uphold the strategy of prioritizing employment, the official said. China should promote job growth by encouraging people to build their own business and innovate and by developing new sectors. It should also protect traditional sectors that provide jobs and boost employment by creating diverse demand.

The implementation of the strategy of encouraging people to build their own business and innovate, as well as accelerated development of new sectors have become major drivers of pushing economic restructuring and boosting employment, the official pointed out. The government should continue to create a policy environment that is favorable for people starting their own companies.

For traditional sectors, China should encourage production-oriented sectors to shift their focus toward production services, develop labor-intensive manufacturing sectors and support the development of daily life and community services sectors that can create many jobs such as housekeeping and nursing, the official added.

Providing jobs for college graduates is China's top priority while tackling the employment problem, the official stressed. China should also boost the employment opportunities for its rural labor force and attach much importance to making suitable arrangements for laid-off workers as part of efforts to cut overcapacity in some industries.

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