China not to see nor allow massive unemployment: Premier

2017-03-15 11:58Xinhua Editor: Gu Liping ECNS App Download

China will not see nor allow massive unemployment of particular groups this year as the government is capable of ensuring a favorable environment to generate jobs, Chinese Premier Li Keqiang said Wednesday.[Special Coverage]

Speaking at a press conference after the conclusion of the annual legislative session, Li voiced confidence that China would be able to create jobs through opportunities offered by new growth impetus, entrepreneurship and innovation activities. 

He admitted that the country, which has successfully created over 13 million new urban jobs annually for four consecutive years, does face significant pressure from job creation this year, and underscored that ensuring employment was of paramount significance to a country of 1.3 billion population. 

The government has set a higher employment target of 11 million new urban jobs this year, one million more than last year's target. 

Li said that some 7.95 million students will graduate from Chinese universities and collages and some 5 million from secondary vocational schools. 

He drew particular attention to laid-off workers resulting from efforts to address overcapacity, which could near 1 million this year, as the process moves from the sectors of coal and steel to thermal power. 

The premier encouraged workers who lose their jobs due to overcapacity cuts to explore the opportunities in emerging sectors. 

The government helped some 720,000 laid-off workers find new jobs last year, he said. 

"The government's job is to create a good environment and the necessary conditions for people to use their own wisdom and hard work to generate golden opportunities for themselves," he said. 

He also promised government assistance to help meet the basic needs of those struggling to find work. 

A total of 100 billion yuan (about 14.5 billion U.S. dollars) of special funds have been allocated from the central fiscal to assist the resettlement of those laid-off workers, according to Li. 

Read more:

China, U.S. communicating on presidents' meeting: Premier Li

Chinese Premier Li Keqiang said Wednesday that China and the United States are in close communication on a meeting between Chinese President Xi Jinping and his U.S. counterpart Donald Trump.

Addressing a press conference after the conclusion of the annual session of China's top legislature, Li said diplomatic authorities from the two countries are communicating on a face-to-face meeting between the two leaders.

China remains important engine for world growth: Premier Li

China will remain an important engine for world growth amid sluggish global economic recovery, Premier Li Keqiang told a press conference Wednesday after the close of the annual session of the national legislature.

China consistently supports globalization, free trade: Premier Li

Chinese Premier Li Keqiang said Wednesday it is China's consistent position to support globalization and free trade.

China's financial system generally safe: Premier Li

China's financial system is generally safe, Premier Li Keqiang said Wednesday, ruling out the possibility of systemic risks as the country has plenty of policy tools at its disposal.

One-China policy foundation of China-U.S. relations: Premier Li

Chinese Premier Li Keqiang said Wednesday that the one-China policy will remain as the foundation of China-U.S. relations.

China committed to denuclearization, proposes dialogue to solve Korean Peninsula issue

China is committed to denuclearization of the Korean Peninsula and proposes dialogue to de-escalate the current tensions, Premier Li Keqiang said Wednesday.

China's economic performance suffices to stop 'hard-landing' predictions: Premier Li

China's economic performance in the past several years should suffice to put predictions of a "hard-landing" to a stop, Premier Li Keqiang said Wednesday.

China to further simplify administrative procedures, delegate power

China will forge ahead with the reform of balancing the government-market relationship, step up efforts to simplify administrative procedures and delegate power to lower levels, Premier Li Keqiang said Wednesday.

Premier Li says China does not want trade war with U.S.

Chinese Premier Li Keqiang said Wednesday China does not want to see a trade war between the world's biggest and second biggest economies.

China not to devalue yuan to boost export: premier

China will not devalue yuan to boost its export, Premier Li Keqiang said Wednesday after the close of the annual legislative session.


Related news


Most popular in 24h

MoreTop news


Travel News
Travel Types
Bar & Club
CNS Photo
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Special Coverage
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 All rights reserved.
Reproduction in whole or in part without permission is prohibited.