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Reporters' Diary

Premier vows to promote employment, exports

(Xinhua)
Updated: 2009-03-05 09:38

Full Coverage: NPC-CPPCC 2009  Related readings: Military forces to be trained for IT-based warfare Wen calls for more cross-Straits cooperation, end of hostility Wen: 8% growth can be achieved $17.55 billion to boost agricultural China to boost welfare, healthcare

Chinese Premier Wen Jiabao pleged on Thursday to take more measures to promote employment and boost exports which plunged due to anemic external demand.

China "must not slacken efforts" to promote export amid a sharp decline in external demand and growing international trade protectionism, Premier Wen said in his government work report.

"We will continue to diversify our export markets and compete on quality, enhance traditional export markets, and energetically open up new markets," said Wen at the annual parliament session Thursday morning.

The government is to take a series of measures to relieve the difficulties of exporters and to ensure steady growth in foreign trade.

Premier Wen Jiabao delivers the goverment work report to the Second Session of the 11th National People's Congress at the Great Hall of the People in Beijing March 5, 2009. [Agencies]

A central government fund for trade development will be increased, eyeing to cultivate brand-name export products and support small and medium-sized enterprises in expanding their international markets, according to the report.

To improve the country's financial services for importing and exporting, the government will expand the coverage of export credit insurance, and encourage financial institutions to develop export credit, the report said.

The government will adjust the prohibited or restricted commodity categories of processing trade, and encourage the relocation of export processing industries from the eastern to the central and western regions, it said.

42 Billion Yuan Employment Support

On employment, the premier pledged to do everything in the government's power to stimulate employment.

The government will implement an even more proactive policy this year and allocate 42 billion yuan to offset unemployment caused by the global crisis, according to the Chinese premier. 

He said priority will be given to finding jobs for university graduates and migrant workers, which are the hardest hit as the deepening global financial crisis dented job demand in the world's fastest-expanding economy.

The government will offer social security benefits and position subsidies for college graduates who take jobs in public administration and public services at the community level, he told the country's legislators.

Wen said graduates who either take jobs in villages or enlist in the army will receive tuition reimbursement and have their student loans forgiven.
Institutions of higher learning, research institutes and enterprises undertaking key research projects will be encouraged to recruit qualified university graduates to do research work.

To help graduates start their own businesses, the government will  speed up the establishment of startups industrial parks and incubation bases that require less investment and yield quicker results.

Meanwhile, China will boost government investment and launch major projects to employ more migrant workers, said Wen.

The government will make full use of the role of the service sector, labor-intensive industries, small and medium-sized enterprises, and the non-public sector of the economy, said Premier Wen.

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