Business
17:41, 26-Jun-2017
Can China cut jobs without increasing unemployment?
[]
Share
Copied
China must find a way to protect workers from the unemployment queue while restructuring the economy and cutting overcapacity in manufacturing and other industry.
China's current policy of restructuring of the economy is often referred to as "supply-side reform".
Senior Chinese political advisors have been called on to contribute their wisdom to deepening supply-side structural reform and promoting healthy and stable development of the economy.
Yu Zhengsheng, chairman of the CPPCC National Committee, made the call at the 21st meeting of the Standing Committee of the 12th Chinese People's Political Consultative Conference (CPPCC) National Committee, which opened in Beijing on Monday.
Members of the CPPCC Standing Committee should pool their wisdom on and offer suggestions on deepening supply-side structural reform, and promoting steady and healthy growth of the economy, said Yu, who presided over the meeting.
While praising the progress in supply-side structural reform, Vice Premier Zhang Gaoli urged further efforts in cutting overcapacity in key areas while relocating laid-off employees.
(With inputs from Xinhua)
13km