BEIJING, April 30 -- China will finance vocational training with 100 billion yuan (about 14.8 billion U.S. dollars) from the country's unemployment insurance fund balance to upskill the workforce, according to an executive meeting of the State Council.
The meeting presided over by Premier Li Keqiang Tuesday decided that a special capital account will be established to advance the task of vocational skills upgrading.
Utilization of the fund will be tracked and relevant information will be disclosed to the public, while those who fake training to fraudulently obtain the fund will be punished in line with laws, the meeting noted.
The adjustments of vocational training subsidy policies by local governments will be supported, and all eligible workers can take skill-training programs and receive subsidies, said the meeting.
Vocational schools are encouraged to expand their training to cover more people, while companies and social training agencies will be given support for launching training courses on professional skills.
Privately-run training institutions shall enjoy the same treatment as their public counterparts do when it comes to government-purchased services.
Training quality must be ensured to improve the pertinence and effectiveness of vocational skill-upgrading programs, the meeting stressed.
Under a large-scale training plan, 50 million people will receive vocational skill training within the next three years, with 15 million to be trained this year.
The training will mainly target employees and accommodate the needs of key employment groups and poverty-stricken workers. Support will be granted to small and micro firms to help them stage on-the-job training and upskill the needy workers awaiting job transfer.
Employees in high-risk industries should get more training in workplace safety techniques.
The meeting also discussed and approved a plan to expand the enrollment of higher vocational colleges by 1 million this year to accelerate the training of personnel with diverse technical skills.
Priorities of the enlargement will go to high-quality vocational schools, sectors where skilled workers are in dire shortage and poverty-stricken regions, it said.
Schools on the east coast are encouraged to enroll more students from less developed central and western regions. Special enrollment plans will be made for veterans, laidoffs, migrant workers and new types of skilled farmers.
The meeting noted that enrollment will be further expanded to meet the growing demand for skilled workers in such sectors as pre-school education, nursing, housekeeping, old-age care and other modern services.
Higher vocational schools may adopt a flexible education system and use various kinds of training means to ensure training quality. Graduates of higher vocational schools enjoy the same treatment as college graduates do in seeking urban residency, jobs and career development, it said.
The meeting said achieving relatively full employment is necessary to have the Chinese economy expand within a reasonable range this year.
Large-scale vocational training and enrollment enlargement in higher vocational schools are key measures to stabilize employment and optimize employment structure, which provides significant support to China's economic restructuring and upgrading as well as high-quality development, it said.
Adopting an "employment first" policy in macroeconomic adjustment, China has planned to create more than 11 million new urban jobs in 2019 and ensure around a 5.5 percent surveyed unemployment rate and a registered unemployment rate below 4.5 percent.
To meet the targets, policymakers have taken 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 the first quarter, much better than expected, with GDP reaching 21.343 trillion yuan. The growth target for 2019 was set at 6 to 6.5 percent.
体坛英语资讯:Federer, Djokovic Headline Dubai Tennis Masters
体坛英语资讯:Rotterdam ATP director frustrated with Djokovics pullout
体坛英语资讯:Julio Baptista to undergo knee surgery in Brazil
体坛英语资讯:Soderling through, Ferrer out of Rotterdam ATP
体坛英语资讯:Error against Espanyol will end league title, says Reals defender
体坛英语资讯:AC Milan pull away with win over Napoli
体坛英语资讯:Pele criticises money-oriented football career
体坛英语资讯:New Jersey Nets win 1st NBA regular season game in Europe
体坛英语资讯:West Ham sink Liverpool 3-1
体坛英语资讯:Corinthians beat Linense 2-0 in Brazilian soccer championship
体坛英语资讯:Heikkinen wins first gold for Finland at skiing worlds
体坛英语资讯:Cruzeiro whitewash Guarani-PAR 4-0 in Libertadores Cup
7步帮你克服对失败的恐惧
体坛英语资讯:Barcelona wins against Athletic Club to remain five clear
体坛英语资讯:Pele sends warning to Brazilian World Cup organizers
体坛英语资讯:Justine Siegal Makes Major League Baseball History
体坛英语资讯:Real Madrid, Barcelona both win in Spains matchday 26
美国人在家不讲英语?
体坛英语资讯:Messi scores as Barca move 10 clear in Spain
体坛英语资讯:Spurs Parker to be sidelined for 2 to 4 weeks
体坛英语资讯:Wozniacki reaches Doha Open final
体坛英语资讯:Mourinho takes 22 players to Lyon for Champions League clash
体坛英语资讯:Real Madrid midfielder Khedira out with thigh injury
体坛英语资讯:FIFA Keeps World Cup Berths Same for 2014
体坛英语资讯:Manchester City, Liverpool reach last 16 in Europa League
体坛英语资讯:Ronaldo laments assassination of teammate
体坛英语资讯:Pinheiros claim first place at Brazilian basketball league
体坛英语资讯:Olympic skating medalist Bos retires
体坛英语资讯:Top two win in Spains La Liga
体坛英语资讯:Beckham returns to Los Angeles Galaxy