China Needs to Sustain Growth for Stable Jobs Market

Comments from China’s premier this week just days before a closely-anticipated meeting of the country’s top leaders, highlight the delicate balancing act they face in steering the world’s second-biggest economy forward, say analysts.

China’s Premier Li Keqiang was quoted saying this week that China needs to sustain economic growth of 7.2 percent to ensure a stable jobs market.

It was one of the few instances that a senior official has specified the minimum level of growth necessary to keep employment levels steady, analysts say. Li is China’s second-ranked politician and a key figure behind economic policy.

CNBC

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