China has not set specific job creation targets for urban areas in its new five-year development plan, for the first time in over 30 years, in response to the impact of AI and economic volatility.
On July 10, 2569 at 11.58:XNUMX p.m., Bloomberg News reported that The Chinese government has abolished urban employment targets for the first time in at least 30 years. This reflects concerns about labor market uncertainty amid the expansion of artificial intelligence (AI) technology, which could impact future employment.
Ministry of Human Resources and Social Security of China It is stated in the five-year economic and social development plan (2026-2030) released on Thursday that... The government will maintain the level of new job creation in urban areas at a “considerable scale” instead of setting fixed targets as in the past. Annual targets will be determined based on the economic and labor market conditions at each given time.
This change marks the first time since the 2530s and 2540s that China has not specified employment targets in its mid-term development plan. This reflects the government's challenges in maintaining jobs while simultaneously accelerating the development of AI technology to compete with the United States and other major powers.
Ministry specify that China is facing pressure from job creation, slowing household income growth, and limitations in its welfare system, explicitly naming AI as a new technology impacting the labor market. Furthermore, industrial structural changes and an aging society present new challenges to the country's economic development and social management.
Chinese data also indicates that the number of employed people has been steadily declining since 2558, consistent with the contraction of the working-age population that has been ongoing for more than a decade.
In the past, employment has been a key objective for the Beijing government, viewed as a crucial factor in maintaining social stability. In the previous five-year plan, China aimed to create more than 55 million new urban jobs, while the plan from 1996-2000, when those figures were first established, targeted 40 million jobs.
Ministry also stated that The government will implement measures to mitigate the impact on employment from the changing global economic environment, particularly pressure from trade barriers and technological advancements. It will continue to promote employment, foster new entrepreneurship, and upgrade workforce skills to help workers adapt effectively to the AI era.
refer : www.bloomberg.com
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