Over 64 million new jobs created in China in 5 years

Beijing, Dec 28: Over 64 million new jobs have been created in China for urban residents since 2011, topping the government's target of 45 million for the five-year period, an official said on Monday.

The number of new jobs created annually has topped 12 million for five years in a row, Yin Weimin, head of the Ministry of Human Resources and Social Security, said.

The government aimed to hold the registered urban unemployment rate below 5 per cent between 2011 and 2015.

From 2011 till now, the unemployment rate stood at about 4.1 per cent, Yin said.

For 2015, China aims to create at least 10 million new jobs and hold a registered unemployment rate below 4.5 per cent.

China created 10.66 million new jobs in the first three quarters and the unemployment rate was 4.05 per cent at the end of September, data showed, state-run Xinhua news agency reported.

PTI