China to Offer Over 1 Million Youth Trainee Positions Annually Amid Job Market Challenges
China plans to provide at least 1 million trainee positions yearly for young people in 2024 and 2025. This initiative, part of measures to stabilize the competitive job market, will include extended funding for state-owned enterprises and subsidies for qualified college graduates.
![China to Offer Over 1 Million Youth Trainee Positions Annually Amid Job Market Challenges](https://devdiscourse.blob.core.windows.net/aiimagegallery/18_06_2024_16_10_17_1355217.png)
- Country:
- China
China pledged to offer young people at least 1 million trainee positions each year for 2024 and 2025, state media reported on Wednesday, citing the country's human resources ministry, as a bumpy economic recovery led to a competitive job market.
As part of the ministry's raft of measures to stabilise the job market and promote youth employment, funding for state-owned enterprises will be extended, while qualified college graduates are allowed to receive subsidies, the ministry said.
China's survey-based youth jobless rate nudged down to 14.2% in May from 14.7% in April, statistics bureau said on Tuesday, despite graduation season approached.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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