China’s Cabinet Vows Stronger Policy to Boost Jobs Amid Covid Upsurge

What’s new: China’s cabinet pledged to further step up policies to stabilize employment and maintain steady economic performance as the country battles its worse Covid-19 outbreak since the early days of the pandemic.

Adding to sweeping guidelines issued Monday for bolstering the economy, the State Council said more forceful policy measures should be taken to help businesses resume operation, state broadcaster CCTV reported, citing a meeting chaired by Premier Li Keqiang. The steps including extending the policy of temporarily waiving payment of retirement, unemployment and work-related injury insurance premiums for all small, medium and micro enterprises and sole proprietors hit by the pandemic, the cabinet said.