China's
cabinet said on Wednesday that risks of mass unemployment in some regions and
sectors have increased and pledged more fiscal and monetary policy support to
address the potential rise in the jobless rate.
It said in a
guideline posted on its website that China must place employment as a top
policy priority.
According to Reuters report, the Chinese
government will appropriately reallocate workers from sectors affected by
capacity cuts such as steel, coal, and coal-fired power.
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