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January 7, 2009

China vows to boost employment in 2009

Filed under: China,worldwide — 7macaw @ 9:08 am
Tags: , , , ,

China has embarked on active measures to minimize job cuts and has pledged to boost employment this year:

  • An early warning system is being set up to conduct monitoring of the job situation. The system is designed for regional labor and social security offices to collect employment information, such as the possible job cuts and the planned new recruits in the following week and the actual cuts.
  • Many cities are to encourage people to start businesses. Jiangsu and Zhejiang provinces pledge to kick in favorable measures including free skill training for laid-off workers.
  • The Shanghai government also encouraged business start-ups to increase jobs. The city pledged to limit the registered unemployment rate to below 4.5 percent

Source: China Daily

December 31, 2008

Ten Million Chinese migrant workers have already left cities

According to CNN Money: “China’s ocean of blue-collar workers is streaming back to the country’s farming hinterland, bringing thwarted aspirations and rising discontent in tow as their city jobs, their paths out of poverty, fall victim to the global economic crisis.”

“Officials estimate that more than 10 million migrant laborers have already returned to the countryside as thousands of companies have been dragged under by weak global demand for everything from clothes to cars.”

“Over the past three decades, about 130 million people have left China’s countryside for the smokestacks, assembly lines and construction sites of cities.”

“Many economists forecast growth next year of less than 7.5%, the country’s lowest since 1990 and a level that would swell the ranks of the jobless.”

“The social security ministry says 10% of all migrants have already gone back to the countryside.”

November 21, 2008

Top official meets rioters as China seeks stability

According to Reuters: “The governor of a Chinese province sat down with protesters after they fought pitched battles with police, a rare concession by a leader and a sign of government concerns about stability as the economy slows.

Xu Shousheng held a meeting with 10 representatives in Wudu in the poverty-stricken northwestern province of Gansu two days after the riot in which dozens were injured, state media said.”

Reuters

Riots in China

Photo: Reuters

November 20, 2008

Data dim hopes of Asian stability

According to International Herald Tribune: “Yin Weimin, China’s minister of human resources and social security, warned that unemployment would rise further next year and that “stabilizing employment is the top priority for us right now,” Reuters reported. It was a sign that the Chinese authorities were increasingly concerned about the potential social fallout in a slowing economy.”

 Data dim hopes of Asian stability

Data dim hopes of Asian stability

Photo: The Associated Press

China fears job riots

According to CNN: “China’s job outlook is “grim,” and the global financial crisis could cause more layoffs and more labor unrest until the country’s economic stimulus package kicks in next year, the nation’s minister of human resources and social security said Thursday.
Thousands of graduates crowd a jobs fair in Nanjing but vacancies are becoming harder to find. The stimulus package, unveiled earlier this month, will pump $585 billion into rebuilding communities destroyed by the May earthquake, constructing railways, housing, airports and highways, and funding other projects.”

China fears job riots

China fears job riots

Photo: CNN

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