China's employment-first policy wins praises


Man looks for jobs at a labour market in Anhui province, on April 11, 2020. (Photo/Sipa]

BEIJING, May 24 (China Daily/ANN) - China's decision to place employment at the top of its agenda and abandon a GDP growth target indicates that policymakers will put more efforts into counteracting shocks from the novel corona virus pandemic, balancing short-term stimulus with long-term sustainable development, according to policy advisers.

Considering the impact of the COVID-19 pandemic, safeguarding employment and people's livelihoods is a more important issue than setting a specific GDP growth target, Yang Weimin, former deputy head of the Office of the Central Leading Group on Finance and Economic Affairs, said on Saturday.

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