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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China's president warns of 'grim' job market: state media AFP - 2 hours 20 minutes ago BEIJING (AFP) - - China's President Hu Jintao warned that the country faced a "grim" jobs situation next year, state media reported Monday, as Asia's second biggest economy continues to slow. "Next year's employment situation, impacted by the global financial crisis, will be extremely grim," Hu said during a weekend visit to the northeastern province of Liaoning, the official People's Daily reported. "I hope that all employment organisations will do their best to help those looking for jobs... and make proper contributions to promote social harmony and stability," he said, according to the newspaper. Chinese officials unveiled a number of measures in November aimed at maintaining and creating jobs, particularly among the nation's 230 million rural workers, including providing financial aid to companies. Authorities have become increasingly concerned over the impact of the economic crisis on social stability, following a number of riots in recent months linked to lay-offs. Exporters, one of China's most important employer groups, have particularly suffered as markets overseas have dried up. Exports fell by 2.2 percent in November, the first decline in more than seven years, the government said last week. The government expected to remain within its target of a 4.5 percent unemployment rate by the end of the year, Zhang Xiaojian, vice-minister of social security, said recently. "But next year the registered (official) unemployment rate will certainly increase," Zhang said. The national rate is also a vast underestimate because it does not include the millions of rural workers. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China's industrial output continues to slow in November: govtAFP - 36 minutes ago Asia stocks rise on renewed US auto bailout hopesAP - 1 hour 10 minutes ago China BYD delays foreign hybrid car sales to 2011Reuters - 1 hour 45 minutes ago China's industrial growth slows furtherAP - 1 hour 50 minutes ago Related Articles: Business S&P cuts Sri Lanka rating on fiscal concernsReuters - 29 minutes ago Russia c.bank allows 6th rouble weakening in 5 wksReuters - 31 minutes ago India Hot Stocks: McNally Bharat up on order winReuters - 32 minutes ago GLOBAL MARKETS-US auto bailout hopes boost Asia stocksReuters - 34 minutes ago S.Korea c.bank to supply $1 bln in 3-mth swapsReuters - 36 minutes ago Enlarge Photo China's president warns of 'grim' job market: state media Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Actress Jennifer Aniston appears naked in GQ magazine Queen Elizabeth II reins in extravagance as credit crunch grips Fortis bank, saved from collapse, again on shaky ground Russia crowned Miss World 2008 in African event White House: no action on auto bailout while Bush in Iraq View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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