Jiangxi open economy pilot zone approved
More government support for job creation
The State Council decided at an executive meeting on April 14 to lend more support to companies and make more efforts to create jobs.
The number of graduates from China's colleges will reach a record high this year, and their job opportunities have been affected by the novel coronavirus pneumonia pandemic, the meeting was told.
The Cabinet decided the authorities should step up guaranteed loan support for startup companies and encourage people to start their own businesses.
Employers should develop more job vacancies for science research assistants so that more people can work as teachers and medical workers at the grassroots level.
Graduates will also be encouraged to start their own businesses or find jobs in neighborhood services. The authorities should work on policies to extend payment terms for student loans and give special support to graduates from universities in Hubei province, the part of China hit hardest by the pandemic.
Xinhua contributed to this story.
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