Premier Li Keqiang Pledges to Create More Jobs for 2015

Premier Li Keqiang Pledges to Create More Jobs for 2015Premier Li Keqiang has promised to create around 10 million more jobs this year by maintaining the economic growth at a medium to high level using stable macroeconomic policies. while job creation still remains the most important index in drafting the target for economic growth, expert believe that it will slow further to 7 percent this year from 7.4 percent.

Li created the pledge during a meet with economic experts and corporate leaders from emerging industries like the internet and information technology together with industries with overcapacity. The meeting was done to gauge opinions on the policies together with the government’s annual work report this year. Li also said that China is expecting a rural labor force of 6 million and a urban labor force of around 16 million, meaning that the government should at least create 10 million new jobs to accommodate the demand for 2015.

Tests showed that there might be also a possibility of unemployment that will lead to social instability if the economy cools down too fast. Last year 13 million new jobs were created and rural residents usually make up two thirds of the work population and earning more than half of their annual income by doing part time jobs in the city.

The meet is only the first of three meeting to be held to gather suggestions in the work report which is due to be delivered by Li at the annual meet of the National People’s Congress this March.

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