China Grapples With Job Cuts and Wage Gains as Congress Closes
- Li says 6.5%-7% growth allows 'for relatively full employment'
- One struggling coal mining firm already has cut 22,500 workers
Xi Jinping and other delegates at the opening of the fourth session of the 12th National People's Congress.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Jobs have been a top agenda item for Chinese officials gathering in Beijing for the annual National People’s Congress. Another big issue: sluggish wage gains.
Premier Li Keqiang will close the almost two-week gathering Wednesday with a press conference, where he’ll have a chance to detail how policy makers plan to balance shutting down unprofitable state-owned industries and not spurring mass unemployment.