Xi Jinping issues call to arms: China must cultivate new job sources, quell ‘chaos’ in employment market
- President urges vigorous creation of new business entities and business models, as well as new sources of job growth
- Ultimate key to stabilising job market lies in boosting business vitality, analysts say
President Xi Jinping has ordered China’s cadres to put employment and job creation “at the forefront of their mind”, as Beijing tries to anchor market confidence and maintain stability in the run-up to July’s third plenum.
In calling for “full, high-quality employment”, Xi explicitly addressed widespread complaints about illegal lay-offs by some companies, and he pointed to a mismatch between job supply and demand in some sectors, especially among youngsters.
“We must develop new business entities and new business models vigorously, actively cultivating new professions and developing new sources of job growth,” he said after a Politburo study session on Monday, according to state media reports.
“Employment is the most basic livelihood of the people, and it is related to … the healthy development of the economy and society, and the long-term stability of the country,” Xi was quoted as saying by the official Xinhua news agency.
“The course of high-quality development should be a process that spawns more, better jobs, and that development should better drive employment,” Xi said.
