China’s Premier Li warns 'grave' jobs crisis as covid lockdowns weigh

Market news

9 May 2022

China’s Premier Li warns 'grave' jobs crisis as covid lockdowns weigh

Chinese Premier Li Keqiang warned of a “complicated and grave” employment situation as the country’s covid lockdowns begin to weigh on the labor market.

Key quotes

“Stabilizing employment matters to people’s livelihoods, it is also a key support for the economy to operate within a reasonable range.”

“China will also promote the healthy development of internet platform companies to support employment.”

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