国内英语资讯:Yearender-Economic Watch: China comes out better with job creation despite slower economic g_时事

国内英语资讯:Yearender-Economic Watch: China comes out better with job creation despite slower economic g

Moreover, new business models are also creating jobs. About 75 million people are providing services for the sharing economy in 2018, up by 7.1 percent from the previous year and accounting for 9.7 percent of the people who were employed in the country, according to the State Information Center.

Three Squirrels, a snack food company, is transforming from an e-commerce brand on Alibaba's Taobao to a digital supply chain platform. The company has developed into a company with over 3,800 employees in seven years from a five-person founding team.

"The recruitment of talent can also further strengthen our innovative capability," said Yin Xiang, an official with the company.

EMPLOYMENT FIRST

"The stable labor market is not only a result of the expanding economy but also benefits from an improved implementation of the employment-related policies," said Zhang Ying, an official with the Ministry of Human Resources and Social Security.

China has elevated the status of employment-first policy to a macro policy for the first time this year. China's policymakers not only attached great importance to employment, but also tailored the policies to boost employment.

Starting from May 1, the government lowered the share borne by employers for urban workers' basic aged-care insurance down to 16 percent from 20 percent, saving employers 272.5 billion yuan in social insurance contributions in the first nine months of this year, according to the State Taxation Administration.