China Unveils New Measures to Boost Jobs and Economic Growth
China is rolling out new policies to create more jobs and strengthen its economy, officials announced on Monday. Zhao Chenxin, deputy head of the National Development and Reform Commission, shared plans that focus on helping workers, supporting businesses, and boosting spending.
Supporting Jobs
The government will encourage companies to keep their employees and offer more job training programs. They’re also expanding work-relief efforts and improving services that help people find jobs.
Boosting Trade
To keep international trade strong, China will introduce policies to help export businesses deal with challenges. This includes promoting Chinese services worldwide and encouraging foreign-funded enterprises to reinvest in the country.
Increasing Spending
Plans are in place to encourage people to spend more on services like dining out and entertainment. There will be improvements in eldercare services for seniors with disabilities, efforts to boost car sales, and new systems to ensure fair wages based on skills.
Investing in the Future
The focus will be on improving infrastructure that supports consumer spending, encouraging private businesses to invest, and introducing new financial tools to fund important projects.
Creating a Positive Environment
China aims to keep its financial markets stable and make it easier for businesses to get support. The government will also work to stabilize the real estate market and increase financial backing for industries that produce goods and services.
“We’ve designed these policies to be practical and effective, so both companies and individuals can see real benefits,” Zhao said. “We’ll roll out each measure as soon as it’s ready.”
