China's employment situation may become more complex and severe, with the economy growing at the weakest pace in three years, Premier Wen Jiabao has warned.
During a government meeting on national employment and entrepreneurship on Tuesday, Wen said the government will adhere to a "more proactive" employment policy and maintain stable and rapid economic growth as well as enhance the economy's ability to create jobs.
In order to create more employment opportunities in rural areas, the government will promote industrialization and agricultural modernization. It will also actively support development of SMEs and encourage entrepreneurship.
Earlier this week, Wen had warned that China's economic growth lacks momentum and that the economic woes may continue for some time.
This week's State Council meeting is expected to churn out more policies to contain the slowdown in the world's second largest economy. Wen has been advocating for more fine-tuning of the government's policies to achieve stable growth.
The economy grew 7.6 percent in the second quarter following a 8.1 percent expansion in the first quarter.
The International Monetary Fund this week cut the growth projection for the economy to 8 percent this year from the earlier forecast of 8.2 percent. The projection for growth next year was cut to 8.5 percent from 8.8 percent.
by RTT Staff Writer
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