In a significant move to strengthen its economic foundation, China has announced plans to increase resources and funding aimed at supporting employment by 2025. Minister Wang Xiaoping of the Ministry of Human Resources and Social Security made the declaration on Sunday during a press conference focused on people's livelihood, held at the third session of the 14th National People's Congress in Beijing.
Minister Wang emphasized China's commitment to building an employment-friendly development model, targeting the creation of more job opportunities and enhancing workforce skills. This initiative is part of China's broader strategy to sustain economic growth and address the challenges posed by evolving global markets.
The government's approach includes investing in emerging industries, promoting technological innovation, and expanding support for small and medium-sized enterprises (SMEs). By doing so, China aims to adapt to shifting economic landscapes and ensure that its workforce remains competitive and resilient.
Moreover, the plan highlights the importance of vocational training and education in preparing young professionals for the demands of the future job market. Minister Wang stated that enhancing education systems and providing continuous learning opportunities are crucial for maintaining high employment rates and fostering sustainable development.
As China navigates through global economic changes, this commitment to boosting employment resources reflects its dedication to improving living standards and ensuring long-term prosperity for its citizens. The initiatives set forth at the National People's Congress are expected to play a pivotal role in shaping China's economic trajectory in the coming years.
Reference(s):
Minister: China to step up resources, funding to support employment
cgtn.com
