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As growth slows, China worries about job losses

Firms given incentives, tax breaks to retain workers amid signs Beijing may miss its job creation target

A private survey showed that factories in China have cut jobs for 18 months, while official data showed job creation across the country slowed in the first quarter to 3.24 million, from 3.44 million a year ago.


AS growth in China's sagging economy looks on the verge of falling below 7 per cent, officials worried about a spike in unemployment are pulling out all the stops to avoid mass layoffs.

State firms are encouraged to keep idle workers employed, subsidies and tax breaks are