China not to see nor allow massive unemployment: premier

Chinese Premier Li Keqiang on Wednesday meets the press at the Great Hall of the People after the conclusion of the annual national legislative session.[Photo: Xinhua]

China will not see nor allow massive unemployment of particular groups this year as the government is capable of ensuring job creation, Premier Li Keqiang said Wednesday.

Speaking at a press conference after the conclusion of the annual legislative session, Li voiced confidence that China would be able to create jobs through opportunities offered by new growth impetus, entrepreneurship and innovation activities.

He admitted that the country, which has successfully created over 13 million new urban jobs annually for four consecutive years, does face significant pressure from job creation this year, and underscored that ensuring employment was of paramount significance to a country of 1.3 billion population.

The government has set a higher employment target of 11 million new urban jobs this year, one million more than last year's target.

Li said that some 7.95 million students will graduate from Chinese universities and collages and some 5 million from secondary vocational schools.

He drew particular attention to laid-off workers resulting from efforts to address overcapacity, which could near 1 million this year, as the process moves from the sectors of coal and steel to thermal power.

The premier encouraged workers who lose their jobs due to overcapacity cuts to explore the opportunities in emerging sectors.

The government helped some 720,000 laid-off workers find new jobs last year, he said.

"The government's job is to create a good environment and the necessary conditions for people to use their own wisdom and hard work to generate golden opportunities for themselves," he said.

He also promised government assistance to help meet the basic needs of those struggling to find work.

A total of 100 billion yuan (about 14.5 billion U.S. dollars) of special funds have been allocated from the central fiscal to assist the resettlement of those laid-off workers, according to Li.