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China Unemployment Situation Grave, Premier Li Warns – CNN

The Premier urged officials at all levels of government to focus on measures to boost jobs and maintain stability, the report said


Li Keqiang is expected to bow out aftertwo terms as Premier.
Premier Li Keqiang is widely perceived to have seen his role diminished under Xi but has been a source of comfort to investors who view him as a moderate voice amid Xi's shift towards state-driven economic management. File photo: Reuters.

 

Chinese Premier Li Keqiang has urged officials at all levels of government to focus on measures to boost jobs and maintain stability, warning that the country’s employment situation is “grave,” a report by CNN has said.

With unemployment is at its highest level in two years, Li advocated moves to help small businesses, support for the internet economy, incentives for people to start businesses, and benefits for laid-off workers, it said.

Read the full report: CNN Business.

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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