China to further develop its HR services sector
BEIJING, CHINA — The Ministry of Human Resources and Social Security of the People’s Republic of China aims to further expand its human resources (HR) services sector from 2023 to 2025.
According to a circular released by the Ministry, the country is looking to develop about 50 leading enterprises and approximately 100 smaller firms that are innovative and distinctive in providing specialized human resources services by 2025.
The circular added that the country would take measures to expand employment through market forces and platforms to match supply with demand in key areas, such as manufacturing.
The government is also planning to assist its western and northeastern regions in strengthening local human resources markets.
Moreover, China plans to create 30 national industrial parks for HR services and a batch of local industrial parks focusing on building high-level national talent markets in key areas.
The Ministry also noted that they would make efforts to open up the sector, facilitate relevant cooperation under the Belt and Road Initiative, and establish high-quality export bases for HR services in the country.
