Beijing is using its central state-owned enterprises (SOE) to help maintain employment levels in the wake of the economic impacts created by the spread of the COVID-19 pandemic.
In March the State-owned Assets Supervision and Administration Commission (SASAC) launched its “Disease Resistance Employment Stabilisation and Jobs Expansion” campaign (抗疫稳岗扩就业), that focused on using central SOE’s to provide jobs to the three key demographics
- Tertiary graduates,
- Rural migrant workers,
- Economically disadvantaged areas.
According to offical data as of 26 April SASAC’s campaign has created over 1 million new job positions at central SOE’s.
China Mobile has sought to recruit 5500 people since spring, while Sinopec is seeking over 3500 tertiary graduates via its recruitment drive.
China Railway Group has executed 12,000 employment contracts with tertiary graduates for 2020, while China Poly Group plans to expand recruitment levels this year by at least 14%.