China reports lower unemployment rate in March on solid economic growth

While increasing support for university graduates, veterans, migrant workers and those with employment difficulties, the country is conducting government-subsidized training on vocational skills and advancing vocational education.

The campaign of mass entrepreneurship and innovation will be strengthened, with easier loan policies adopted and more business incubators.

Local authorities of Tianjin, Sichuan and Xinjiang have launched a series of measures to boost employment, such as offering probation subsidies and secured loans for startups and reducing social insurance contribution.

To help stabilize employment, policymakers have made steps to alleviate company burdens, cut taxes and fees and lower the share borne by employers for the basic aged-care insurance of urban workers.

In particular, small and medium-sized businesses were among the top beneficiaries of favorable measures such as loan increase and tax cuts.

The Chinese economy expanded 6.4 percent year on year in Q1, with GDP reaching 21.343 trillion yuan, the same as Q4 of 2018.

Mao said most economic indicators, including growth, employment, price and income, pointed to upward momentum amid stability in the first three months.

While the per capita disposable income grew faster than the GDP in Q1, the income gap between urban and rural residents also narrowed, Mao added.