Weather | E-mail |
Search
Social Security Fund Secured off Capital Market

The government has no plans to invest its social security fund, up to 130 billion yuan (US$15.7 billion), into capital market in the Chinese mainland.

 

Zheng Silin, minister of Labour and Social Security, Tuesday announced the decision, aimed at protecting the fund and avoid fluctuations in the mainland's growing capital market.

 

Days ago, the State Council gave the National Council Social Security Fund the go-ahead to invest in overseas capital markets. According to some estimates, only about 5 billion yuan (US$603.8 million) will be initially invested in Hong Kong.

 

At Tuesday's press conference, held during the ongoing ten-day session of National People's Congress (NPC), which opened last Friday, Zheng said the social security fund should follow a prudent investment methodology to minimize risks.

 

The labor minister also said meeting the cabinet's goal of creating 9 million new jobs this year in China is a difficult task considering the target economic growth rate is down to 7 percent this year from 9.1 percent.

 

He said the government will use every means at its disposal to put registered urban jobless rate under 4.7 percent.

 

A total of 24 million job hunters are expected to flood into nationwide labor market in 2004.

 

Premier Wen Jiabao set the goal during his work report when he opened the session last Friday.

 

"We have difficulties in achieving the goal," said Zheng.

 

He didn't detail the problems but vowed to take concrete measures to offer solutions to achieve the goal.

 

For example, the government will slow down closures of inefficient State-owned enterprises (SOEs) to lessen unemployment while encouraging SOEs to employ surplus laborers in subsidiary operations instead of laying them off.

 

"The practice we began to use last year is effective to control jobless rate," said Zheng.

 

Together with laid-off workers, college graduates and farmers-turned-workers are finding it difficult to find jobs.

 

A total of 2.8 million university graduates are expected to overload China's already-crowded labor market in 2004. Last year, 2.12 million joined the labor force but only 70 percent of them have been employed.

 

Meanwhile, Vice-Minister of Labor Wang Dongjin said the government will do its utmost to help migrant workers get decent jobs in cities.

 

In the next seven years, about 70 million migrant workers will receive basic training and many will get additional professional training, government officials have said.

 

The training is aimed at informing potential migrant workers of the basics, including safeguarding their rights and interests, and offering them knowledge about laws, regulations and facts for living in cities, as well as job hunting skills.

 

Wang said the professional training will focus on sectors like housekeeping services, the restaurant business, hotel services, healthcare, construction and manufacturing.

 

In order to ensure the success of the plan, funds will be allotted by both the central government and local governments at all levels.

 

About 300 million yuan (US$36.1 million) will be earmarked by the central government this year in the training of migrants. The investment last year was just 50 million yuan (US$6 million).

 

(China Daily March 10, 2004)

 


Print This Page " target=_blank>E-mail This Page Return To Home
Copyright ? China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-88828000

主站蜘蛛池模板: 一边摸一边桶一边脱免费视频| 亚洲日韩AV无码一区二区三区人| 野外三级国产在线观看| 欧美成人免费香蕉| 免费国产小视频| 性欧美videos高清喷水| 国内国产真实露脸对白| www99re| 日韩精品免费一线在线观看| 免费欧洲毛片A级视频无风险| 国产麻豆欧美亚洲综合久久| 好朋友4韩国完整版观看| 九九精品免视看国产成人| 清早可以吃西瓜吗| 国产乱理伦片在线观看播放| 国模欢欢炮交150视频| 国产精品va在线观看无码| 99久久99这里只有免费费精品| 好大的奶女好爽视频| 一级做a爰全过程免费视频| 欧美综合人人做人人爱| 国产va精品免费观看| 伊人久热这里只精品视频| 国自产精品手机在线视频香蕉| 久久午夜电影网| 欧美日韩国产一区二区| 亚洲精品无码专区在线| 目中无人在线观看免费高清完整电影| 国产午夜精品无码| 91精品欧美激情在线播放| 日本xxxx高清在线观看免费| 亚洲婷婷第一狠人综合精品| 狠狠综合视频精品播放| 国产一区二区高清| 蜜臀91精品国产高清在线观看| 国产精品亚洲片在线观看不卡| 777久久成人影院| 女人与公拘交酡全过程i| 一个人看的www免费高清中文字幕| 情人伊人久久综合亚洲| 三级网址在线播放|