BEIJING: The State Council has scaled up reform measures to bolster job creation, promote consumer spending and foster new market players as part of broader efforts to improve the overall business environment and sustain growth.
The measures will be key to maintaining China’s recovery from COVID-19 and ensure priorities and stability in six areas, analysts said. The areas consist of the job market, the financial sector, foreign investment, foreign trade, overall investment and market expectations. The measures were unveiled in a General Office of the State Council policy document on April 15, which aims to further transform government functions, streamline administration and improve government oversight and services.
Key steps include relaxing market access for micro and small e-commerce businesses, promoting the elimination of hidden barriers that hinder the development of new businesses and industries, easing the burden for market players and optimizing the business environment for foreign investors. To facilitate more job creation, the document pledged to further lower the threshold for employment, with measures to reduce the number of job requirements and ease market access for small and micro e-commerce businesses.
To help laborers improve their professional skills, the government will offer more training to individuals involved in sectors such as aged care and domestic services and encourage associations and training centers to provide more apprenticeships.
“The improvement in labor skills has played a key role in solving structural employment problems. It also serves as an important underpinning for the high-quality development of the economy,” said Wu Liduo, an official with the Ministry of Human Resources and Social Security. Over the past three years, China has allocated 100 billion yuan ($15.4 billion) to train at least 50 million workers to boost their professional skills, Wu said.
This year, the government will offer tailored training to high-caliber professionals and occupations that are faced with severe shortages. Steps will also be put in place to enhance professional training for workers who have recently been lifted out of poverty, he added.
– The Daily Mail-China Daily News exchange item
