Sunday, November 23, 2008

Yuan Watch : They pretend to work , we pretend to pay

BEIJING, Nov 23 (Reuters) - The Beijing city government has offered a subsidy to firms willing to give a job to laid-off workers, Chinese media said on Sunday, in the latest instance of local governments trying to combat rising risks of unemployment.
Companies willing to employ the unemployed could get up to 10,000 yuan a year per worker for the next three to five years, according to a report by the China News Service, citing the capital's labour bureau.

The export hub of Dongguan, in Southern China, in October set up a 1 billion yuan rescue fund for small and medium-sized businesses hurt by the global crisis.

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