Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Chinese Company Found Guilty of Making Jaguar Land Rover Copycat Is Appealing
Streaming Video Leader Bilibili Tries to Assuage Users After Massive Code Leak
Starbucks China Rival Luckin Coffee Files for U.S. Listing
LATEST
Former Guizhou Governor Gets 20 Years in Prison and $26 Million in Fines for Corruption
Tencent-Backed Private Healthcare Platform Raises $250 Million
Investors Give Thumbs Down to China Mobile, Unicom Earnings
China’s Civil Code Could Include Tightened Provisions on Gene Editing
Seven Companies to Start Selling First Funds for High-Tech Board Stocks
Top Chinese Prosecutor Says It Ordered Former Interpol President’s Arrest
‘Avengers’ Fans Swarm Chinese Cinemas for Premiere
Beijing’s New Airport Invites Fierce Competition for Seoul and Paris Routes
Local Governments Report Upbeat Economic Data
Electronics Giant TCL Posts Strong Revenue Growth After Reorganization
Fosun Chairman Tells Jack Ma He’s Been ‘Thinking About Succession’
High-Tech Board Publishes ‘Common Problems’ It’s Seen in Applications So Far
China’s State Firms Report Solid Performance
Draft Revision to Securities Law Adds New Section for High-Tech Board
Power Grids Face Stricter Price-Setting Oversight
EV Explosions Spark Safety Concerns
Popular KMT Politician Fuels Speculation Over Run for Taiwan’s Top Office in 2020
China’s Tax Cuts Total $50 Billion in First Quarter
Hainan Officials Given 'Demerits' for Damaging Environment
China’s Bike-Sharing Startup Ofo Is Being Booted From Singapore

By Charlotte Yang / Dec 05, 2018 04:03 PM / Politics & Law

Photo: VCG

Photo: VCG

It’s a tough job market out there for China’s recent grads.

Approximately 8.34 million students graduated from higher-education institutions this fall — a record number that exceeds last year’s count by 140,000, according to the Ministry of Education.

And as China faces sluggish economic growth and headwinds from external trade frictions, this winter employment season will be particularly hard. China’s vice minister of education, Lin Huiqing, called the situation facing new grads “complicated and severe.”

Thus, China’s State Council announced 15 new measures Wednesday to help boost employment.

Those include refunding unemployment insurance to firms that refrain from heavy layoffs during times of difficulty. Local governments are also encouraged to provide loans and venue support to entrepreneurs.

Related: 国务院发文促就业 不裁员、少裁员可返50%失业保险费

Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.