China to take steps to promote jobs amid trade dispute with U.S.

  • World
  • Friday, 2 Nov 2018

BEIJING (Reuters) - China will take targeted steps to promote employment, state radio said on Friday, citing a regular cabinet meeting, as the economy slows amid a trade dispute with the United States.

The government will provide loan guarantees to startups to help create jobs and will refund 50 percent of unemployment insurance premiums to some firms facing difficulties from Jan. 1, 2019, the cabinet said.

(Reporting by China Monitoring Desk and Kevin Yao; Editing by Nick Macfie)