Business Brief (June 8): China Approves Five-Year Employment Plan

Published: Jun. 8, 2026 6:54 p.m. GMT+8

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State Council approves employment plan

Premier Li Qiang chaired a State Council executive meeting Friday to review employment work and approve the 15th Five-Year Plan for the implementation of the employment-first strategy.

The meeting also discussed efforts to advance new industrialization and develop future industries.

Dreame reportedly under government inspection

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Explore the story in 30 seconds

State Council approved the 15th Five-Year employment-first strategy plan.
Dreame Technology faces routine government inspection; CEO’s Weibo account banned.
China’s services trade grew 4.9% to 2.48 trillion yuan; ByteDance denies car manufacturing plans.

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Who’s Who

Dreame Technology: Dreame Technology is reportedly under routine local government inspection in the Yangtze River Delta region. The company’s CEO Yu Hao had his Weibo account banned on Friday. Dreame has not yet responded to requests for comment.

ByteDance: According to the article, ByteDance stated it has no plans to manufacture cars or launch an automotive brand. This was part of a news summary on China's services trade growth.

AI generated, for reference only

What Happened When

First four months of 2026：: China's services trade grew 4.9% year-on-year to 2.48 trillion yuan.

Friday, June 5, 2026：: Premier Li Qiang chaired a State Council executive meeting to review employment work and approve the 15th Five-Year Plan for the implementation of the employment-first strategy.