The Chinese Government Tackles The Nation’s Unemployment Problem

China is one of the biggest countries on the planet and home to the most number of people too. With a growing population and dwindling resources, lots of problems are coming out in the open requiring the government’s attention. The Chinese government is more than just strict. They ensure that laws are observed and the people refrain from complaining. As if censoring most contents available on the web is not enough to curtailing their rights, various cases of human rights abuse are also rampant but only a few go out in the streets to protest.

We may think of the Chinese economy as bustling and flourishing and in many ways it is true. However, we also have to remember that there are more Chinese than any other nationality so ensuring that everyone has work (whether in the private or public sector) isn’t an easy job. Even though there are many companies with factories or offshore offices in China, it’s highly doubtful that it can manage to employ all the working Chinese population. Even translators as a profession have been limited. Hence, the Chinese government has to pick up its pace and ensure that the problem with unemployment doesn’t get any worse than it already is.

China has announced plans to promote employment, the country’s top policy priority, across the nation.

The information, which was released on Wednesday and approved by the State Council, China‘s cabinet, underlined the importance of job creation and urged policy makers to create more pro-job policies.

The document stated China faced “intensified structural conflicts” in the current job market, and urged employment to be placed as a top policy priority, while addressing new challenges.

It further stated if new urban jobs dramatically declined or unemployment rates sharply rose, the government should be responsible for stepping up fiscal and monetary policy support to ensure stable employment and economic growth throughout the country.

(Via: http://www.ecns.cn/business/2017/04-20/254284.shtml)

While money is not everything, money still makes the world go round and ensure everyone sleeps at night with a roof over their head and a full tummy. However, this is not always the reality for everyone as many people actually struggle to make a decent living. And even if you do have work, you can’t always expect the working conditions to be decent and humane and the pay commensurate. Moreover, an individual’s level of education is a big factor as well on the chances of a person to getting a good-paying job.

China’s labor market remained tight in the first quarter as the economy roared back. Workers, however, are finding that pay hikes aren’t as generous as they used to be.

A slew of official and private indicators from recruitment fairs and websites show employment solid as factories stopped cutting payrolls amid surging industrial output. But services firms and new industries are no longer aggressively hiring, and wage gains for high-skilled professionals as well as less-trained migrant workers are moderating.

China’s job market is increasingly intertwined with consumption, which has been bolstered by rising incomes: Private and government buying accounted for 77.2 percent of the first-quarter expansion. Policy makers have prioritized creating greater employment as they move to cut excess output in mines and factories that would inevitably lead to layoffs.

Officials can be reassured, at least for now. The surveyed jobless rate fell below 5 percent in March, according to the National Bureau of Statistics. China created 3.34 million jobs in the first quarter, well on pace to exceed the government’s 11 million target for this year.

(Via: https://www.bloomberg.com/news/articles/2017-04-20/china-workers-get-slower-pay-gains-even-amid-ample-job-openings)

The good thing about this is that the Chinese government is doing something about the situation and government officials are not just sitting comfortably in their air-conditioned offices waiting for the issues to resolve on their own. The Chinese are hard-working people by nature and laborers will find a way to put food on the table without relying on the government for help.

But things have changed now and the people have a new set of needs and want. Aside from the conventional basic needs, other needs are now considered basic too, like access to the Internet and the use of smart technology. This has put a bigger strain on the dwindling resources of ordinary laborers that also needs to be addressed or risk dissent. The Chinese government is doing its very best to take care of the mess in its own backyard without missing out on opportunities to growing their economy and improving the quality of life and well-being of its people.

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