Mar 21, 2024 08:32 PM
ECONOMY
China Earmarks $9.3 Billion to Boost Employment This Year
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Vice Minister of Finance Liao Min speaks at a press conference held by the State Council Information Office in Beijing on Thursday. Photo: VCG
China’s Ministry of Finance has earmarked 66.7 billion yuan ($9.3 billion) and pledged a slew of measures, including tax and fee cuts, to bolster employment this year.
Stabilizing and expanding employment is a priority for socioeconomic development, and policymakers have placed greater emphasis on this in the drafting of fiscal and tax policies, Liao Min, a vice finance minister, said at a Thursday press briefing.
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