China pledges 42b yuan employment support

By (Xinhua)
Updated: 2009-03-05 09:41

China pledges 42b yuan employment support

China pledged Thursday it will implement an even more proactive employment policy this year and allocate 42 billion yuan ($6.14 billion) to offset unemployment caused by the global financial crisis.

To create more jobs, the government will make full use of the role of the service sector, labor-intensive industries, small and medium-sized enterprises, and the non-public sector of the economy, said a work report to be delivered by Premier Wen Jiabao at the opening of the Chinese parliament's annual session.

"We will do everything in our power to stimulate employment," said the report distributed to media before the session.

The report said priority will be given to finding work for university graduates and migrant rural workers.

The two groups were the hardest hit as the deepening global financial crisis dented job demand in the world's fastest-expanding economy.
 
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