Vice Minister of the Ministry of Human Resources and Social Security says will go all out ensure stable employment
Earlier the PBOC injected the most funds ever at an OMO, and tehn other statements followed:
- China NDRC says it has approved a new airport project (worth 32 bn yuan)
- Statements galore out of China: China to further boost consumption in 2019
The stimulus statements out of China today are more upfront than they were yesterday when I noted they seemed a little hesitant.
More
- China's industrial operations still within reasonable range
- short-term volatility in industrial output normal, long-term foundation remains sound
- new growth drivers growing, but still not enough to offset impact from slowdown in some sectors
- still optimistic about production and sales in auto sector in 2019 despite slowdown
- China's urban registered jobless rate at 3.8 percent at end-2018
- China needs to create 15 million new jobs in 2019
- China will adopt more proactive employment policy in 2019
