China's Economy Under Pressure: Xi Jinping's Call for High-Quality Jobs
Xi Jinping's Urgent Address on Employment
President Xi Jinping has emphasized the critical need for high-quality jobs in China as unemployment, particularly among the youth, remains a pressing concern. In a recent article by the Communist Party's theoretical journal Qiushi, Xi outlined his vision for tackling the ongoing china jobs crisis.
Unemployment Rates and Government Response
- As of September, the youth unemployment rate for ages 16-24 was recorded at 17.6%.
- This figure indicates that approximately one in six young people is currently unemployed.
Xi's remarks hint at an inevitable increase in the fiscal deficit, possibly exceeding 3% next year as the government prioritizes job creation.
Challenges Facing China's Job Market
- The declining birth rate.
- An ageing population.
- The transformative impacts of the digital economy.
He underlined that there is an urgent aspiration among workers to improve job quality, ensuring stable positions and reasonable incomes.
Prioritizing Youth Employment
Xi particularly identified the employment of youth as a top priority. He encouraged young individuals to seek opportunities in small, medium, and micro enterprises, as well as to explore jobs in rural areas.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.