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BEIJING Kenny Stills Jersey , Oct. 25 (Xinhua) -- The registered unemployment rate in Chinese cities stood at 4.04 percent in the third quarter of the year, slightly down from 4.05 percent in the second quarter, latest data showed.


China created 10.67 million new jobs in the first nine months of 2016, fulfilling the annual target of 10 million ahead of schedule, the Ministry of Human Resources and Social Security announced on Tuesday.


Ministry spokesperson Li Zhong attributed the job increase and low unemployment rate mainly to the "slow but reasonable economic growth Ryan Tannehill Jersey , upgraded industrial structure, the government's deepened reform and innovation drive, as well as pro-employment policies."


The government has pledged to keep the whole-year registered unemployment rate below 4.5 percent.


The registered unemployment rate is calculated based on the number of unemployed people who register with human resource authorities or employment service institutions.


Creating more jobs is one of the priorities for the Chinese government to keep employment stable as millions of workers face redundancy due to mergers and reorganization in industries with overcapacity.


The government has carried out several measures and policies to keep employment stable and avoid massive layoffs while cutting overcapacity, said Li, adding that the slowing economy and structural reform pose challenges.


Tuesday's data also showed that gross revenue of social insurance funds increased 10.1 percent year on year to 3.65 trillion yuan (539.1 billion U.S. dollars) in the first nine months Cameron Wake Jersey , while gross expenditures totaled 3.17 trillion yuan, up 12.5 percent from a year ago.


China's social insurance funds include basic pension funds, basic medical insurance, unemployment insurance, work-related injury insurance and maternity insurance.


The authorities are mulling new measures for administering basic pension funds Reshad Jones Jersey , said the spokesman, adding a first group of pension fund management organizations will be selected within the year to launch investment operations.


NEW YORK, Jan. 9 (Xinhua) -- China has the potential to maintain an annual economic growth rate of 6 percent until the 2030s, said former senior vice president and chief economist of the World Bank Justin Lin Yifu Tuesday.


Lin, also the honorary dean of National School of Development at Peking University Minkah Fitzpatrick Jersey , made the remarks while delivering a keynote speech during the "Forecast: China's Economy 2018," an event hosted by the National Committee on U.S.-China Relations and Peking University's China Center for Economic Research in New York.


He attributed his confidence in the Chinese economy to the fact that "China's labor productivity will improve continuously in the years to come."


The economist explained that the way to maintain economic growth is to improve labor productivity, and the way to raise labor productivity is to "have technology innovation as well as industrial upgrading."


Lin said that compared to developed countries like the United States, China, as a developing economy Michael Deiter Jersey , has the so-called "latecomer advantage" in terms of technology innovation and industrial upgrading.


He further stated that developing countries like China can "learn technology that has been matured in high-income countries," so that "the cost and risks of innovation are comparably low, and potentially, developing countries can grow more dynamically than high-income countries."


According to Lin, China has benefited from the "latecomer advantage" in the past 40 years and achieved an annual growth rate of 9.6 percent Christian Wilkins Jersey , which was hailed as a miracle by many all over the world.


For the years to come, he predicted that China will continue to maintain a faster growth rate compared to developed countries.


To further illustrate his prediction, Lin cited his latest study of the world economy in the past 70 years, pointing out that "In 2008, the per capita GDP of China was 21 percent of the United States Custom Miami Dolphins Jerseys , which was similar to Japan in 1951, Singapore in 1967, China's Taiwan in 1975 and South Korea in 1977."


"The four economies above all achieved an annual growth rate of 8 percent to 9 percent continuously over the next 20 years, which indicates that China can achieve around an 8 percent growth rate continuously from 2008 to 2028," said Lin.


He added that real economic growth will depend on how much China carries out current reforms to ensure social and political stability as well as on the global economic situation.


"From my observation Throwback Miami Dolphins Jerseys , it is very likely that China will be able to achieve a 6 percent growth rate from now until around the 2030s," Lin noted.




The Kremlin said on Tuesday a call by opposition leader Alexei Navalny to boycott next year's presidential election must be checked to see if it complies with the law.


Navalny called on Monday for a boycott of the March 18 election after Russia's central election commission ruled he was not eligible to run for president due to a suspended prison sentence hanging over him.


"The calls for a boycott will require scrupulous study, to see whether or not they comply with the law," Kremlin spokesman Dmitry Peskov told reporters on a conference call.


Declining to comment on the election commission's decision, Peskov shrugged off allegations that the presidential poll would be a farce without Navalny.


"The fact that one of the would-be candidates is not taking part has no bearing on the election's legitimacy Authentic Miami Dolphins Jerseys ," said Peskov.


Navalny, a 41-year-old lawyer, has repeatedly said the suspended sentence handed to him in an embezzlement case was politically motivated.