China has made positive progress in promoting inclusive and sustainable economic growth, full and productive employment and decent work for all, according to a report from the Ministry of Foreign Affairs.
The country’s economic operations are kept within a reasonable range, its economic structure is continuously optimised, and new momentums of development emerge and grow rapidly, according to the report, titled China’s Progress Report on Implementation of the 2030 Agenda for Sustainable Development (2019).
While the economy maintains a medium-to-high growth and contributes nearly 30 percent to world economic growth, supply-side structural reforms have been sped up, said the report.
From 2016 to 2018, the iron and steel production capacity was reduced by over 150 million tonnes and coal production capacity was reduced by over 810 million tonnes. Resolute actions have been taken to dispose of the ‘zombie enterprises’.
The service industry has become a main driving force of economic growth, and the growth of high-tech and equipment manufacturing sectors is obviously faster than that of general industry, according to the report.
Meanwhile, China has steadily promoted the employment of key groups, with its registered urban unemployment rate at 3.8 percent in 2018, the lowest in years.
Comprehensive measures have been taken to promote employment for graduates of vocational schools and to strengthen employment security, support and training for the disabled, the report said. -XINHUANET
