China stabilizes employment through various channels

China has rolled out policies to support enterprises to ensure existing jobs through measures like unemployment insurance and vocational training subsidies, assistant finance minister Ou Wenhan said on Feb 24.

Besides, China has issued policies such as lower financing guarantee fees to alleviate the high financing costs of small and micro enterprises to help them cope with the epidemic, he said at a press conference.

China will strengthen the coordination between economic policies and employment policies, and support service industries, small and medium-sized enterprises and labor-intensive industries, which are crucial in providing jobs, said You Jun, vice-minister of human resources and social security.

China has been encouraging entrepreneurship and innovation, promoting the development of new forms of employment, and supporting flexible employment through multiple channels, he said.