World Bulletin / News Desk
China's job market could turn for the worse and the government needs to step up efforts to create more jobs, Premier Wen Jiabao said in remarks published on Wednesday, underscoring official concerns about an economic slowdown.
"Currently and in the future, China's employment situation will become more complex and more severe," the official China Securities Journal quoted Wen as saying.
"The task of promoting full employment will be very heavy and we must make greater efforts to achieve it," he added.
Compared with 2008/09 when a sudden collapse of exports sent some 20 million Chinese migrant workers homebound, China's job market has remained relatively tight so far this year, partly reflecting the country's demographic shifts.
But job cuts could be on the rise as small- and mid-sized exporters are increasingly struggling with slackening orders, rapid wage increases and higher raw material costs.
Many college graduates are struggling to find jobs.
Maintaining social stability is crucial for Beijing as the country heads into a once-in-a-decade leadership transition.
Wen called for all levels of government to give top priority to job creation when they formulate economic plans and more jobs should be created during the process of economic restructuring and urbanisation.
"We need to maintain steady and relatively fast economic growth to help create jobs," Wen said.
A parliamentary meeting on Tuesday concluded that China's economic recovery is not solid, and that Beijing needs to boost investment to bolster flagging economic growth but spending must be adjusted to avoid waste.
China's annual economic growth slowed to 7.6 percent in the second quarter, just above the government's 7.5 percent full year target and the weakest quarter since Q1 2009 when the global financial crisis choked world trade flows and saw 20 million Chinese jobs axed in a matter of months.
China has also said it would like to continue to develop "friendly cooperation" with Ukraine and that it respects the ex-Soviet state's independence, sovereignty and territorial integrity.
Selling a fleet of subs would mark the first time since at least the end of World War Two that Japan had sold a complete weapons platform overseas.
The head of Iran's atomic agency says the agreement will be signed next month
A little more than a month ahead of general elections, new figures shows the Brazilian economy contracted by 0.6 percent in the second quarter of 2014
Russia cut off the gas flow in mid-June after the two sides failed to agree on pricing and debts owed for previous gas supplies.
Malaysia Airlines will be de-listed from the Kuala Lumpur exchange by the end of 2014
Venezuela's Petroleum minister, Rafael Ramirez, said earlier this year that PDVSA could import crude as a "last resort" to find diluents for its heavy crudes
Air France, the French network of Air France-KLM said on Wednesday it has suspended its flights to Sierra Leone following advice from the French government
Ukrainian Prime Minister Arseny Yatseniuk said that Kiev knew of plans by Russia to halt gas flows this winter to Europe
The inquiry into tycoon Bernard Tapie has embroiled several of former president Nicolas Sarkozy's cabinet members including Lagarde.
The riot broke out in the southern industrial hub of Johor state on Tuesday at a factory run by JCY International , a Malaysian firm that makes parts for electronic giants including Samsung, Hitachi and Western Digital.
Hawaii and U.S. territories have strong dependency on petroleum imports, because of their physical isolation and lack of fossil fuel resources, while their residential electricity prices have been three to five times the average residential prices of the mainland U.S.
Buyers of Kurdish crude could face lawsuits from Baghdad if the oil moves close to U.S. soil and would also require the seller to provide costly indemnities against potential lawsuits
Deep job losses, route cuts and a change of leadership are expected to feature in a restructuring plan being prepared by Malaysia's government
New company will create the third largest global fast-food chain with annual sales of US$23 billion.
Once the international language of royal courts and diplomacy, French has lost ground to English in recent decades