The Chinese government has set itself the target of millions of new jobs in the big cities.
China – By 2025, more than 55 million are to be added, according to a plan published today. At the same time, the unemployment rate in cities should be kept below 5.5 percent.
The employment of key groups such as university graduates should also be kept stable. New jobs are to be created, for example, by promoting start-ups.
The government wants to align budget and monetary policy more closely to employment in the country, as it previously announced. So the provinces should invest more. Funds released from lowering the minimum reserve requirement for banks are to be used to help smaller companies.ORF