Kathmandu. China has extended a number of unemployment insurance measures until the same period in 2026. This includes policies to retain jobs and support youth employment and workforce training.
The measures, jointly issued by the Ministry of Human Resources and Social Security and three other government departments, aim to help businesses retain workers and improve skills development, state-run Xinhua news agency reported. Companies that reduce worker cuts under the Work-Retention Return program will continue to receive back unemployment insurance premiums paid last year.
The Chinese government has also extended a one-time job creation grant until 2026. Companies and social organizations that employ recently graduated or registered unemployed youth between the ages of 16 and 24 will receive grants for each new employee.
The Skills Upgradation Grant has also been extended until the end of 2026. The qualification has been expanded to accommodate more workers.
The circular also calls for better management of unemployment insurance fund, continuation of basic benefits such as unemployment allowance to eligible people and medical insurance coverage. –Agency
