Economics
China Pledges Aid for Unemployed, Growth of Internet Firms
- Temporary subsidies to be given to some who’ve lost jobs
- State Council says healthy internet economy needed for jobs
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China’s State Council pledged to promote the growth of internet platform firms and give cash handouts to poor people who have lost their jobs, stepping up efforts to bolster an economy under threat from Covid-19 outbreaks.
“The healthy development of the platform economy should be facilitated to drive the creation of more jobs,” according to a statement issued after a meeting of the State Council, China’s cabinet, which was chaired by Premier Li Keqiang on Wednesday. Stabilizing employment is a “key support” to keeping economic growth within a proper range, it said.