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每日新闻播报(May 10)

chinadaily.com.cn 2022-05-10 15:45


>Career fairs offer 1.4 million jobs

Students consult an employer at a job fair for graduates in Hefei, East China's Anhui province, on May 6, 2022. [Photo by ZHAI SHUWEN/FOR CHINA DAILY]

The Ministry of Education launched its college graduate recruitment week on Monday. The event, which aims to expand employment opportunities and help graduates overcome employment issues caused by the epidemic, began both online and offline in Henan, Beijing, Jilin, Shandong, Chongqing and Yunnan.

The offline events are expected to provide more than 600,000 positions, while the online employment service will offer more than 800,000, the ministry said.

Some 15,000 online and offline job fairs are expected across the country during the week.

China will have a record 10.76 million college graduates this year, 1.67 million more than last year.


>County towns prioritized in urbanization

Aerial photo taken on May 7, 2022 shows a view of Yongxing town in Meitan county, Southwest China's Guizhou province. [Photo/Xinhua]

China has released guidelines demanding various localities promote urbanization with a focus on county towns. The guidelines, jointly issued by the General Office of the Communist Party of China Central Committee and the State Council General Office, said the move aims to better meet the needs of rural residents to find jobs and settle down in county towns.

The guidelines list a series of measures including developing competitive industries, creating more jobs in county towns and strengthening ecological conservation, adding by 2025, major progress should be seen.


>HK holds chief executive election

John Lee waves to people after winning the election of the sixth-term chief executive of the Hong Kong Special Administrative Region in Hong Kong, South China, May 8, 2022. [Photo/Xinhua]

The election of the sixth-term chief executive of the Hong Kong Special Administrative Region was held on Sunday, with John Lee declared the winner.

The 64-year-old former chief secretary for administration won 1,416 votes from Election Committee members in the first chief executive election in the HKSAR since the 2021 reforms to its electoral system.

"I will faithfully and resolutely undertake this historic mission and shoulder the great responsibility to unite and lead the 7.4 million Hong Kong residents to open a new chapter," Lee said when meeting the press after the election.


>China to rebound despite US tightening

Containers await shipping at a port in Xiamen, Fujian province. [Photo by WANG XIEYUN/CHINA DAILY]

The Chinese economy is expected to maintain its resilience and may rebound in the coming months with stronger policy support and better epidemic containment, bucking the negative impact of a tightening in US monetary policy, analysts said on Thursday.

Huang Yiping, chairman of the academic committee of the China Finance 40 Forum, said the Fed's ongoing tightening could shrink global liquidity and pile on the pressure of capital outflows and currency depreciation for many developing economies.

For China, the country's vast domestic economy, relatively sound fundamentals, large foreign exchange reserves and a steady trade surplus provide a buffer against the spillover effects of US tightening, Huang said.

Upon better containment of COVID-19 and proactive policy support, the Chinese economy is poised to stage a strong rebound after hitting a nadir in April, said Yin Yue, a macroeconomic analyst at Hongta Securities.


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