[DEBATE] : China facing employment crisis with 34.5 mln new job-seekers in next five years
Riaz K Tayob
riazt at iafrica.com
Tue Oct 17 07:35:08 BST 2006
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UPDATED: 15:07, October 16, 2006
China facing employment crisis with 34.5 mln new job-seekers in next
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The Chinese government is facing a "severe" employment crisis with 34.5
million people expected to come on to the labor market from 2006 to
2010, according to a senior member of the Chinese People's Political
Consultative Conference (CPPCC).
Chen Mingde, said at a meeting of the Standing Committee of the CPPCC
National Committee, China's top advisory body, that job creation would
be crucial to the government's aim of building a harmonious socialist
He said 25 million new job-seekers would enter the market this year, of
whom 11 million might find jobs in urban areas, leaving 14 million
Chen said employment opportunities could expand if local governments put
job creation atop their agenda and vigorously develop the service
sector, and small and medium enterprises.
Governments should launch special foundations to encourage private
businesses, such as favorable loans, risk funds and investment
guarantees for the self-employed.
He said local governments should encourage university graduates to work
in rural areas in western China with favorable policies such as minimum
salaries and medical care, and subsidies for those who go to undeveloped
and remote rural areas.
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