western regions: He said Beijing efforts are now focused on fixing weak points and structural adjustments, according to Euro News. That includes infrastructure in the central and western regions as well as the education and healthcare sectors, but he warned that efforts to curb overcapacity are expected to push up unemployment in some Chinese provinces where there is high output of steel and coal. That is according to Xu Shaoshi, who heads the National Development and Reform Commission, China top economic planning organisation. China plan to cut its steel production capacity by 100-150 million tonnes will lead to the loss of up to 400,000 jobs, the official Xinhua news agency reported last month. The National Development and Reform Commission GDP forecast came as we learned that activity in China services sector expanded at its fastest pace in six months, partially offsetting weakness in the vast manufacturing industry. Keeping unemployment low is a top policy priority for China stability-obsessed government, a task it has admitted is becoming more difficult as growth slows.
(news.financializer.com). As
reported in the news.
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