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10 Million Jobs Will be created

10 Million Jobs Will be created

Jason 2015-01-27 11:11:31
Premier Li Keqiang pledged on Monday to create at least 10 million jobs this year by maintaining economic growth at medium-to-high speed through stable macroeconomic policies.

He said job creation remains the most important index in drafting the country's target for economic growth, which many experts believe will slow further this year to about 7 percent from 7.4 percent.

Li made the jobs pledge at a meeting with economic experts and corporate leaders from burgeoning industries such as Internet and information technology, as well as industries with overcapacity.

The meeting, held to gauge opinions on the government's policies and its Annual Work Report this year, lasted for more than two and a half hours.

Li said China is expecting a new urban labor force of more than 16 million this year and a rural labor force of 6 million, meaning the government has to create at least 10 million new jobs in 2015.
China created 13 million new urban jobs last year, with both the registered and surveyed unemployment rates lower than in 2013.

Li said rural residents, which make up about two-thirds of the population, earn more than half of their annual income from part-time jobs in cities. This has made job creation, especially for these residents, so important.