Guangdong Plans 1.2 Million Jobs for 2008
Tuesday, May 6th, 2008
May 6 - The provincial government of Guangdong province has unveiled plans of providing 1.2 million jobs for 2008. The plans will also provide wider coverage for migrant workers like social insurance, endowment, medical, unemployment, injury at work, and maternity insurance to name a few.
Fifty percent of the target 1.2 million jobs are expected to be newly-generated, a 28 percent increase from last year’s figure.
Lin Jingqing, director of the labor relations division of the provincial labor and social security department, told China Daily: “More people will be included in our social security system this year, embodying the Labor Contract Law implemented by the central government at the start of the year.”
For 2007, Guangdong’s 10.55 million resident workers and 13.5 million migrant workers were provided with work and medical insurance - one-third of China’s total. This year, migrant workers with work insurance should increase by 13.3 million while those with medical insurance will jump by 13.6 million. (more…)





SHANGHAI, Sept. 11 - China’s new policy restricting processing trade, which took effect nationwide August 23, will most heavily impact Guangdong province. The booming Chinese economy, which has grown at over 10 percent for the last 15 years, has been largely driven by processing trade factories located in South China and the Yangtze River Delta region, importing tax-deductible raw materials to manufacture finished products for export. Of the over 90,000 processing trade firms operating on the mainland, nearly 70,000 are located in Guangdong province according to the National Bureau of Statistics.

