Inclusive growth increases employment

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Xinhua, Beijing :
Every work day, rain or shine, fast-food couriers shuttle through the streets of downtown Beijing, delivering lunches and dinners for white collar workers, and their presence is ever increasing.
The catering industry creates at least 1.6 million jobs nationwide every year, according to industry insiders. The number will be much bigger considering new employment in catering-related sectors such as couriers .
This new growth, including new industries and business models, contributed around 70 percent of all new jobs created in the country’s cities last year, official data showed of Economic Watch. .
In recent years, China has seen more than 13 million new jobs created for urban residents each year, with the country’s registered urban unemployment rate at around 4 percent.
To ensure stable employment, China has rolled out an array of pro-employment policies for graduates, the redundant, the disabled and migrant workers, while the country’s entrepreneurial wave has helped fuel job creation.
At the opening ceremony of the Annual Meeting of the New Champions 2017, also known as Summer Davos, Chinese Premier Li Keqiang said that employment was always a development agenda priority, as it was fundamental to inclusive growth.
In the past three years, the number of market entities in China increased by a daily average of 40,000.
“This is a remarkable achievement for a developing nation with more than 1.3 billion people, and it is also an important contribution to world inclusive growth,” the premier said.
Robust economic development has contributed to improving China’s international competitiveness. The ascent of the country’s global competitiveness was reflected by a report published by the International Institute for Management Development (IMD) business school in Switzerland.
China was rated the 18th most competitive among 63 economies in 2017, compared with 25th in 2016, according to the IMD World Competitiveness Yearbook 2017.
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