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GDP growth affects S. Korea’s employment most

GDP growth affects S. Korea’s employment most

South Korea’s economic growth rate has had the greatest impact on the country’s employment level among major macroeconomic variables over the past years, a report showed Wednesday. A 1 percentage-point gain in South Korea’s real gross domestic product (GDP) is estimated to have boosted the number of employed people by 0.41 percentage point between 2000-18, […]

China determined to stabilize, expand employment

China determined to stabilize, expand employment

After China established vocational education and training centers in northwest China’s Xinjiang Uygur Autonomous Region, some western officials and media outlets constantly attacked China with groundless accusations. However, if they had paid attention to heated discussions about vocational education during China’s two sessions in early March and interpreted China’s moves from that perspective, their misunderstanding […]

China takes measures to stabilize employment

China takes measures to stabilize employment

China is still facing large employment pressure as over 15 million new members of the labor force are flocking in urban areas this year. In front of the double threats of the complex international situation and the downward pressure on the domestic economy, how to better guarantee and facilitate employment remains a major challenge for […]

China moves to stabilize employment via entrepreneurship

China moves to stabilize employment via entrepreneurship

Chinese provinces, municipalities, and autonomous regions have rolled out a package of measures to stabilize employment, which was prioritized as the main task in their recently-released government work reports. Entrepreneurship has created more jobs in recent years. In 2018, the fifth year China implemented its business system reform, the country perfected its business environment and […]

“Young, old generations do not understand each other”

“Young, old generations do not understand each other”

Complaints and conflicts are piling up between the young and old as Korea is rapidly becoming an aging society, which leaves the young working class with a heavier economic burden to take care of elderly citizens.  “The rapidly ageing population and low birthrate have put our society at risk, inevitably landing the younger generations a […]

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