China Extends 2026 Unemployment Insurance Support to Retain Jobs and Spur Youth Hiring
Updated
Updated · Xinhua · Jul 2
China Extends 2026 Unemployment Insurance Support to Retain Jobs and Spur Youth Hiring
3 articles · Updated · Xinhua · Jul 2
Summary
China will keep a package of unemployment insurance support in place through the end of 2026, extending measures aimed at stabilizing employment and cushioning the labor market.
The package preserves refunds of prior-year unemployment insurance premiums for companies that avoid or limit layoffs, giving employers a direct incentive to retain staff.
A one-time job expansion subsidy will also run through 2026, with enterprises and social organizations paid per recruit for hiring recent graduates and registered unemployed people aged 16 to 24.
Skills-upgrading subsidies were broadened to cover more workers, while the circular also called for tighter fund risk management and continued payment of unemployment benefits and medical insurance coverage.