China creates 10.5 million jobs in first 9 months of 2026

During the first nine months of 2026, China launched approximately 10.52 million jobs in urban areas, achieving 87.7% of its annual goal to boost employment, with the unemployment rate remaining steady at 5.2%. The government plans to implement new measures to develop the service sector as a major channel for absorbing labor, focusing on maintaining employment stability in labor-intensive industries and creating opportunities in emerging sectors. Additionally, the social security system recorded a record number of enrollees, exceeding one billion people, while the total social fund assets reached $1.67 trillion.

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