BEIJING: China will step up efforts in cultivation of highly skilled talent to boost the country’s core competitiveness and optimize employment.
By the end of the 14th Five-Year Plan period (2021-2025), policy support and cultivation system for highly skilled talent will be optimized, according to a guideline released by the General Office of the Communist Party of China Central Committee and the General Office of the State Council.
Meanwhile, skilled talent will account for more than 30 percent of the employed, while highly skilled personnel will account for one-third of the skilled by the end of 2025, the guideline said.
By 2035, the scale of skilled talent will continue to grow while the number and structure of highly skilled talent should meet the requirements of basically realizing socialist modernization, it said.
The guideline called for efforts to optimize the cultivation system and strengthen policy support. –Agencies
China EximBank increases inclusive loans
BEIJING: The balance of on-lending loans for smaller banks issued by the Export-Import Bank of China (China EximBank) hit 140 billion yuan (about 19.72 billion U.S. dollars) at the end of August, data shows.
The figure increased 15 percent from the beginning of the year, the bank said.
It has been pooling efforts to boost inclusive finance. By the end of August, the bank had waived 451 million yuan worth of loan interest payments for micro, small and medium-sized enterprises affected by the COVID-19. –Agencies
China EximBank is a state-funded and state-owned policy bank supporting China’s foreign trade, investment and international economic cooperation. ■
