800,000 jobs to be cut in China’s coal and steel industry in 2016

Monday, 11 July 2016 10:26:33 (GMT+3)   |   Shanghai
       

As of the end of June this year, the unemployment rate in cities and towns in China was 4.05 percent, while it was 4.04 percent as of the end of the first quarter this year, as announced by China’s Ministry of Human Resources and Social Security (MHRSS).
 
In the January-June period f the current year, newly employed people in cities and towns in China amounted to 7.17 million. The MHRSS stated that a total of 800,000 jobs is expected to be cut in the domestic coal and steel sectors in the current year.

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