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
Beijing
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 given to companies that do not fire their workers, and some businesses are even enticed into hiring despite the slackening economic growth.
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