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

As small and medium-sized enterprises have contributed more than 80 percent of the job opportunities in China in 2018, reducing the burden for them can further unleash the vitality of the labor market.

Meanwhile, about 27.5 billion yuan of partial reimbursement of unemployment insurance contributions were returned to employers who keep their payrolls, benefiting 750,000 firms and 39.93 million employees.

"Our staff felt assured when we received the 6.61 million yuan of reimbursement," said a human resource official with the Cangzhou Julong Chemical Co., Ltd.

The company, which used to be a big tax contributor to the city of Cangzhou, northern China's Hebei Province, has encountered a difficult time in the past two years because of cash flow problems and a stagnant market.

The government's policy has saved the company in a critical moment, said the official, adding that the reimbursement will be used for paychecks and social insurance for the employees.

According to the NBS, the urban unemployment rate at the national level in October was 5.1 percent, 0.1 percentage point lower than the previous month.

TAPPING THE POTENTIAL

The decision adopted at the fourth plenary session of the 19th Communist Party of China Central Committee on Oct. 31 stressed the importance of improving the mechanism that promotes full employment with better quality.

While the employment is stable now, it must not be taken lightly from a long-term perspective, especially considering the trade uncertainties and the influence of moving out of some downstream businesses, said Su Hainan, a researcher with the Chinese Association of Labor Science.