China Financial Daily

China’s urban unemployment rate climbed to 9.4 percent; employment has become a global problem
China’s State Council counselor Chen Quansheng pointed out that under the pressure of the global financial crisis, about 670 thousand small enterprises in China have been forced to close, about 6.7 million of the jobs have been evaporated, which is much higher than official statistics with 8.3 million people.
Aim at this issue, Premier Wen Jiabao specially urged during a recent inspection tour to Chongqing that the enterprises shall not easily lay off the employees and do everything possible to stabilize employment. Human Resources Social Security, the Ministry of Finance and Administration of Taxation jointly issued a circular recently to five major measures to alleviate the burden on enterprises.

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