China allocates 66.7 billion yuan for employment support in 2024

China has allocated 66.7 billion yuan (about 9.4 billion U.S. dollars) this year to support employment as the country steadily enhances its ability to secure livelihoods.

At a press conference in Beijing on Saturday, China's Minister of Finance, Lan Fo'an, detailed the central government's fiscal measures to strengthen support for key areas like youth employment and education.

"Since the beginning of this year, the central government has allocated 66.7 billion yuan (about 9.4 billion U.S. dollars) for employment support, helping local areas assist key groups like college graduates and improve vocational training. Besides, from January to September, education spending nationwide has exceeded 3 trillion yuan (about 425 billion U.S. dollars)," said Lan.

The country also faces challenges associated with an aging population. China's population aged 60 and above reached nearly 297 million in 2023, accounting for 21.1 percent of the total.

Lan stressed that the government is committed to enhancing services for seniors, including an increase in basic pension. Already, subsidies for residents' basic medical insurance have been improved.

"Basic pensions for retirees will be increased by 3 percent nationwide, greatly raising the minimum standard for basic pensions for both urban and rural residents. The annual fiscal subsidy for basic public health services will rise to 94 yuan (about 13 U.S. dollars) per person, and the annual subsidy for basic medical insurance for urban and rural residents will increase to 670 yuan (about 95 U.S. dollars) per person," said the minister.

China allocates 66.7 billion yuan for employment support in 2024

China allocates 66.7 billion yuan for employment support in 2024

China allocates 66.7 billion yuan for employment support in 2024

China allocates 66.7 billion yuan for employment support in 2024

China allocates 66.7 billion yuan for employment support in 2024

Thousands of people in Pakistan have taken to the streets to stage protests following the U.S. and Israeli strikes on Iran and the killing of Iran's Supreme Leader Ayatollah Ali Khamenei.

A large rally was held outside one of Islamabad's largest Shiite imambargahs on Friday to protest the killing of Khamenei on the first day of the current U.S.-Israeli attacks on Iran on February 28. Demonstrators are chanting slogans against the U.S. and Israel, holding portraits of the slain Iranian leader and waving flags in solidarity with Iran.

Religious leaders addressing the crowd said the demonstrations are intended to express solidarity and condemn what they described as aggression by Israel and the United States.

Roads surrounding the area have been blocked with shipping containers, while heavy security has been deployed as authorities attempt to control the crowds and prevent the protests from spilling into nearby diplomatic districts.

The killing of Khamenei has sparked demonstrations across Pakistan and in other parts of the Muslim world. Within Pakistan's Shiite community in particular, Iran's leadership is widely viewed as a powerful symbol of resistance in the region.

In several cities nationwide, protests have already turned violent, with clashes between demonstrators and security forces leaving dozens dead and injured. Authorities have since heightened security around foreign missions and other sensitive locations.

Protests erupt in Pakistan over U.S.-Israeli attack on Iran