Archives February 2009

Govt to provide incentives to job-seeking college graduates

China’s State Council announced over the weekend a plan to provide incentives to job-seeking college graduates, including professional training and preferential loans for start-ups.

The government said it would help train one million unemployed college graduates in the coming three years to make them better qualified for jobs.

The Cabinet also said that civil service posts and state-owned companies should not charge job application fees from college graduates whose families are in financial hardship.

For graduates who are willing to work in rural areas or join the armed forces, the loans for completing their college education might be partially or fully waived, the notice said.

Labor-intensive companies are also encouraged to recruit college graduates, with preferential government loans up to two million yuan ($293,000) for each company.

Any graduates who are willing to kick off their own business would qualify for small loans of 50,000 yuan each.

The Ministry of Human Resources and Social Security said that as of December 31, there were 8.86 million urban residents registered as unemployed, 560,000 more than at the end of the third quarter.

Premier Wen welcomes foreign talents

Premier Wen Jiabao has welcomed foreign talents to start, as well as develop their careers in the country.

Addressing 19 foreign experts who have helped China’s reform and opening up, Wen said the government is committed to its economic policy.

China will stick to the opening-up policy and continue introducing advanced foreign technology and expertise in management to secure powerful intellectual resources and maintain a steady economic growth. The government will also try hard to create a favorable working condition for foreign experts in China, he added.