China targets jobs, wages and training in new 5-year economic blueprintShoppers in an upscale retail area in Beijing on Wednesday. To remedy the situation, policymakers called for vocational training to be expanded, with subsidised training for an estimated 75 million people. The government would fully open up vocational training and encourage more private companies to enter the sector, the document said. The message comes in the wake of Beijing's sweeping crackdown on the after-school tutoring industry, a move many analysts say was meant to free up more resources for vocational training. Echoing President Xi Jinping's latest call for "common prosperity", the plan highlights wages as the primary distribution of wealth.

Source: Bangkok Post August 30, 2021 12:33 UTC