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China boosts employment with major cut in social insurance contributions

2020-7-22 11:53

BEIJING, July 22 (Xinhua) -- China has slashed social insurance contributions paid by enterprises amid efforts to boost the job market hit by COVID-19, officials said Tuesday.

 

From February to June, employers saw a decline of 576.9 billion yuan (about 82.6 billion U.S. dollars) in insurance payments related to old-age, unemployment and work-related injuries, said Zhang Ying, an official with the Ministry of Human Resources and Social Security.

 

Besides, insurance premiums worth 63.6 billion yuan were returned to enterprises to help them sustain stable payrolls, while 40.5 billion yuan worth of employment subsidies were handed out, Zhang said.

 

Nie Mingjun, a ministry official in charge of pension fund, said the total premium reduction is expected to reach 1.9 trillion yuan in 2020.

 

"The cut will be unprecedented in scale," Nie said. "It will be instrumental in helping enterprises rise above difficulties and ensuring further stability and expansion of employment."

 

According to the National Bureau of Statistics, China's surveyed unemployment rate in urban areas stood at 5.7 percent in June, 0.2 percentage points lower than that of May. A total of 5.64 million new urban jobs were created in the first half of 2020, achieving 62.7 percent of the annual target.

 

"Employment is steadily recovering, thanks to effective control of the COVID-19 epidemic, steady progress in business and work resumption, as well as a warmer economy," Zhang said.

 

According to a government work report, this year China aims to add over 9 million new urban jobs and keep the surveyed urban unemployment rate around 6 percent.

 

北京,7月22日(新华社)——本周二,有关官员表示,为应对新冠肺炎的冲击,为提振就业市场,中国已大幅削减企业缴纳的社会保险费。


人力资源和社会保障部官员张颖表示,从2月到6月,与养老、失业和工伤相关的保险支出减少了5769亿元(约826亿美元)。


此外,价值636亿元的保险费返还给企业,以帮助他们维持稳定的就业岗位,同时发放了价值405亿元的就业补贴,张。


铁道部社保基金负责人聂明军表示,到2020年,保费降幅预计将达到1.9万亿元。


聂说:“这次裁员的规模将是前所未有的。”“这将有助于帮助企业克服困难,确保进一步稳定和扩大就业。”


根据国家统计局的数据,6月份中国城镇调查失业率为5.7%,比5月份下降0.2个百分点。2020年上半年,城镇新增就业564万人,完成全年预期目标的62.7%。


他说:“由于新冠肺炎疫情得到有效控制,企业复工稳步推进,经济回暖,就业稳步回升。”


根据政府工作报告,今年中国的目标是新增900万城镇就业岗位,城镇调查失业率保持在6%左右。

 

来自: xinhua