China's top economic planner, the National Development and Reform Commission, unveiled a series of targeted initiatives aimed at enhancing the growth and resilience of the private economy during a conference held on Thursday and Friday.
One of the key components of these initiatives is the upskilling of workers through public training centers. The program seeks to align training with industry and business needs by pooling resources such as venues, equipment, and classes. The ambitious goal is to train one million workers from the private sector each year, ensuring that the workforce remains competitive and adaptable to evolving market demands.
In addition to workforce development, the initiatives include support for new entrepreneurs. This program is designed to enhance the competitiveness and capacity for growth and adaptation among emerging businesses. Initially, 40 private companies are expected to participate in the first phase of this entrepreneurial support program, providing them with the necessary tools and resources to thrive in a competitive landscape.
The initiatives also address the quality of home services. By improving the skills of domestic workers, standardizing services for elderly care and other home-based needs, and better matching workers with household requirements, the plan aims to elevate the standards of home services across the country.
These comprehensive measures reflect China's commitment to fostering a robust private sector, driving economic growth, and ensuring sustainable development for the future.
Reference(s):
cgtn.com
