CHINA-ECONOMY: CHINESE PREMIER LI KEQIANG ANNOUNCES MEASURES TO TACKLE UNEMPLOYMENT
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At a meeting of the State Council on July 22, Chinese Premier Li Keqiang also talked about boosting employment. Acknowledging that the job market is presently difficult, LiKeqiang asked struggling job seekers to be flexible and consider starting their own businesses. A State Council statement said “It was decided at the meeting that self-employed businesses will be encouraged. All relief policies introduced must be effectively implemented” and that “Key populations...who engage in self-employed business will receive start-up subsidies, guaranteed loans, tax relief and other support, according to regulations.” It also said that “Part-time employment will be supported” and that “Social insurance subsidies will be extended to those having difficulty finding jobs or college graduates yet to be employed two years after graduation when they engage in part-time work.”
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