China aims to create 11 million new jobs for urban residents this year, despite the slowdown of economic growth. The confident move, according to analysts, is because the country has maintained a medium-to-high speed of economic growth.
Chinese Premier Li Keqiang, in the government's annual work report delivered at the opening meeting of the annual session of the National People's Congress (NPC), also promised to keep the registered urban unemployment rate within 4.5 percent.
This year's target for urban job creation means an 1 million increase compared with last year, but Li explained that it underlined China's greater emphasis on employment.
The premier reassured China can attain this goal with efforts based on current economic fundamentals and absorption capacity of the market.
The past three years starting from 2014 also witnessed a target increase from 9 million to 10 million.
The service industry can create more jobs. Data shows that the added value of service industry has accounted for 51.6 percent of the country's GDP and the figure will increase, indicating that more jobs will be created, the professor noted.
The scholar suggested that in this year, more efforts should be made to improve the employment and social security rules that suit new business forms and optimize the employment service system for such businesses.
China aims to create 11 million new jobs for urban residents this year, despite the slowdown of economic growth. The confident move, according to analysts, is because the country has maintained a medium-to-high speed of economic growth.
