WEN Jiabao: More Efforts Will Be Made to Boost Employment

Source: Caijing, ChinaScope Financial (Data)

+       Chinese Premier WEN Jiabao stated on July 17 that China will give priority to job creation and implement more active employment policies. In accordance with this goal, employment development will be included in the performance assessment of local governments.

China’s urban labor demand-supply ratio remained above 1 in 12Q2 indicating that demand for labor outstrips supply. Urban wage growth remains steady.

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