The latest job-supporting steps come after a recovery in the
world's second-largest economy from three years of pandemic
lockdowns has been gradual and uneven. Domestic demand is still
frail, evidenced by deepening deflationary pressures and
tumbling new bank loans.
China's cabinet last month unveiled plans to boost
employment, including supporting financial institutions to offer
loans to small firms and issuing subsidies to firms that hire
college graduates or unemployed young people.
(Reporting by Liangping Gao and Ryan Woo; Editing by Toby
Chopra)
(Adds details, background)
BEIJING, May 11 (Reuters) - China will fully implement
the youth employment priority policy and vigorously explore
market-based employment channels, China vice premier Ding
Xuexiang said on Thursday.
China will ensure that the number of college graduates
accepted by central-owned and state-owned enterprises is no less
than last year, Ding was cited by the official Xinhua news
agency as saying.
The government should implement various preferential
policies and guide college graduates to find jobs in
communities, Ding said.
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