China pledges more proactive employment policy, 42 bln-yuan support

Li noted that while China should develop capital- and technology-intensive industries for the long-term growth, special aid should be given to labor-intensive companies to meet the urgent need of boosting employment.

He called for reforms to give fair treatment and easier market access to private enterprises, which can absorb a large part of labor force.

Labor oversupply will continue to exist in China in a long period and can only be solved by stronger domestic demand and faster industrial restructuring, said Cai Fang, head of the Institute of Population and Labor Economics, the Chinese Academy of Social Sciences.

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Editor:Xiong Qu