Investment in Social and People’s Livelihood Continues to Grow in Q1, with Focus on Employment, Healthcare and Elderly Care

Investment in the social and people’s livelihood sectors in China continues to increase, with a particular focus on healthcare, employment, elderly care, education, housing, and public services. The Chinese government has allocated over 70% of national fiscal expenditure on people’s livelihood in 2023. In the first quarter of 2023, investment in social and people’s livelihood sectors maintained rapid growth. The investment includes the employment subsidy fund of ¥66.8 billion and various measures to promote flexible employment and entrepreneurship. China is also working on improving its lifelong vocational skills training system, while pension qualification certification is being carried out online and through door-to-door authentication.

http://www.gov.cn/yaowen/2023-04/30/content_5753801.htm


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