China’s Li: Will promote fiscal, monetary policies to support job stabilization

Li Zhong, China’s Vice Minister of the Ministry of Human Resources and Social Security, said on Thursday that Beijing will focus on expanding jobs and promote fiscal, monetary and industrial policies to support job market stabilization.

Key quotes

“Overall job employment remains stable, but pressure has been persisting.”

“Over 2.6 trillion yuan reserves available in national social security fund, can ensure pensions are paid out on time and in full.”

more to come ....