China takes steps to support jobs as trade war starts to hit employment

China takes steps to support jobs as trade war starts to hit employment

South China Morning Post - China·2018-12-05 16:15

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Beijing is now officially worried about unemployment, as the US-China trade war continues to weigh on the world’s second largest economy.

On Wednesday, the State Council unveiled policies ranging from refunding unemployment insurance payments to companies that do not lay off staff to giving subsidies to jobless young people aged 16 to 24 rather than only to college graduates without jobs, according to a document on the government’s website.

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