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China’s planners point to huge potential for jobs after major policy stimulus

China’s planners point to huge potential for jobs after major policy stimulus
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There is still huge potential to create new jobs in China, the country’s top economic planner said on Tuesday, days after the central government unveiled an array of stimulus measures.

Plans were in place to address “structural issues” in employment and expand strategic industries, National Development and Reform Commission (NDRC) officials told a press conference in Beijing.

They also pledged to ease operational difficulties for small and medium-sized enterprises (SMEs) – the backbone of growth and job creation.

“There have been increases and decreases in job availability; some positions may be receding, while others are still in high demand, indicating some structural issues. We are taking measures to resolve these problems,” NDRC chairman Zheng Shanjie said.

Li Chunlin, one of four NDRC deputy heads at the briefing, pointed to the jobs potential of China’s booming low-altitude economy.

“Technological advancements not only drive economic transformation and industrial upgrading but also give rise to many new professions and job opportunities,” Li said.

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