Economics
China Vows to Support Job Creation After Virus Battered Economy
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China’s top leaders have pledged to support job growth as the government battles high unemployment due to the blow the coronavirus dealt the economy.
A meeting on Wednesday of the country’s State Council chaired by Premier Li Keqiang vowed to broadly support job growth, including for part-time and “flexible” employment, according to a government statement. China’s cabinet said it would provide subsidies, loans and tax incentives to encourage entrepreneurship among key groups, such as migrant workers and recent college graduates.