Since October 2008, a series of conferences have been held timely and roundly by the Information Office of the State Council, aiming to give a full explanation for the government’s solution, as well as achievements in handling the financial crisis and guaranteeing a sustain rapid growth in economy, said by an official with the organization in a recent interview. He added that with the strength of those conferences hosted, Read more…
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Policymakers discussed the issues of jobless at the three-day Central Economic Work Conference which ended yesterday.
The jobless rate could rise next year from 4% this year because of massive job cuts. If the rate rises above 5%, social stability could be threatened, a senior lawmaker warned.
So the government at the conference discussed measures to create new jobs and maintain the existing unemployment rate during the global financial crisis as rate above 5% will lead to a series of negative consequences. What is more, the number of poor urban residents would increase and living standards in cities would decline.
As a result, in order to keep the jobless rate low, local government should promptly hire Read more…
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