China to continue to prioritize employment promotion

China's commitment to prioritizing job creation and employment promotion is a key aspect of its economic policy. The country has historically placed high importance on maintaining stable employment rates due to the significant role that employment plays in social stability and economic development.

The Chinese government typically implements various measures to support employment, including:

1. **Fiscal and Monetary Policies**: Adjusting fiscal policies, such as increasing public spending and providing tax relief for businesses, especially small and medium-sized enterprises (SMEs), which are major employers. Monetary policies may also be loosened to provide easier access to credit, stimulate investment, and encourage hiring.

2. **Public Employment Services**: Enhancing the efficiency of public employment services to better match job seekers with available positions. This includes improving vocational training programs, offering career counseling, and facilitating job fairs.

3. **Support for Entrepreneurship and Startups**: Encouraging entrepreneurship by providing financial support, tax incentives, and simplified adMINIstrative procedures for starting new businesses. This helps create new jobs and absorbs labor from sectors with declining demand.

4. **Industrial Policies**: Promoting growth in strategic industries that have strong job-creation potential, such as high-tech manufacturing, renewable energy, and digital economy sectors.

5. **Active Labor Market Policies**: Implementing measures to help workers transition between sectors or upgrade their skills to meet changing industry demands. This can include retraining programs and relocation assistance.

6. **Stabilization Measures During Economic Slowdowns**: When facing economic challenges, such as during global downturns or trade disputes, China often introduces targeted measures to prevent layoffs and ensure job security.

7. **Social Security and Unemployment Insurance**: Strengthening social security systems to provide a safety net for workers who lose their jobs, including unemployment insurance and other forms of social assistance.

By focusing on employment, China aims not only to maintain social harmony but also to sustain economic growth, as consumer spending is closely tied to employment levels. The government's approach to job creation is multifaceted, involving both direct interventions and indirect support mechanisms to ensure that the labor market remains resilient and that employment OPPOrtunities continue to expand.