Li Keqiang: Stable employment is a big achievement of the Chinese economy

BEIJING - On September 12, Premier Li Keqiang hosted the "1+6" Roundtable with heads of major international economic institutions in Beijing.

Premier Li pointed out that the main objective for promoting sustained growth is to generate a steady flow of jobs. He cited stable employment as a major highlight in the Chinese economy. China faces significant employment pressures with nearly 8 million college graduates and 5 million graduates of secondary vocational schools joining the workforce every year. Furthermore, there are a large number of workers who need to be reemployed as a result of cutting overcapacity and migrants from rural areas seeking jobs in the cities. Without a proper level of economic growth, we would not be able to create jobs for all these people. Over 13 million new jobs have been created each year for the past four years. The surveyed unemployment rate in 31 large cities has dropped below 5 percent since last September, the lowest in years. For a major developing country with a population of 1.3 billion, nothing would be more important than relatively sufficient employment.