BEIJING: China is stepping up efforts to promote high-quality employment by developing new growth engines in sectors such as artificial intelligence, modern manufacturing and electronics. On May 27, the Political Bureau of the Communist Party of China Central Committee held its 14th group study session, of which the topic was promoting high-quality and sufficient employment. Xi Jinping, general secretary of the CPC Central Committee, who presided over the study session, said that employment forms the basis of people’s livelihoods and it is imperative to make high-quality and sufficient employment a priority goal of social and economic development.
He called for greater efforts to develop modern human resources characterized by high quality, sufficient quantity, optimized structure and rational distribution, in order to ease the structural imbalance between supply and demand in the job market.
With about 11.79 million students expected to graduate from college this year, Xi urged continuous efforts to prioritize the employment of young people and develop more job opportunities to fully harness their skills.
China’s job market has been stable in recent years, with the unemployment rate staying within a reasonable range. A total of 12.44 million new urban jobs were created last year and another 3.03 million were created in the first three months of this year, according to the Ministry of Human Resources and Social Security. The development of new growth engines in sectors such as high-tech, the green economy and the “silver economy” are also creating more job opportunities. Figures cited by recruitment portal Zhaopin show that in 2023, job openings related to new energy vehicle businesses increased 32 percent year-on-year. The average salary for automotive software development positions rose 18 percent year-on-year in 2023, while professionals with a master’s or doctorate degree were paid an average monthly salary exceeding 25,000 yuan ($3,450), data from the portal showed. –The Daily Mail-China Daily news exchange item
