China unveils more steps to support jobs as virus jolts economy
Share:
BEIJING (Reuters) - China's cabinet has unveiled more steps to support jobs as the world's second-largest economy is expected to shrink for the first time in four decades because of the coronavirus outbreak.China's jobless rate rose to a record high of 6.2% in February, and any rapid rise in unemployment could pose a big challenge to China's stability-obsessed leaders.China will speed up targeted tax and fee cuts for firms, return more unemployment insurance premiums to firms that save jobs and..