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China adds over 3 million new urban jobs in Q1

China

China

China

China adds over 3 million new urban jobs in Q1

2025-04-30 00:28 Last Updated At:03:17

China's overall employment landscape remained stable in the first quarter of 2025, with over three million new jobs created in urban areas, the Ministry of Human Resources and Social Security said on Tuesday.

In the first quarter of this year, 3.08 million urban jobs were created nationwide, an increase of 50,000 compared to the same period last year. In March, the surveyed urban unemployment rate was 5.2 percent, down by 0.2 percentage points from the previous month.

By April 10 this year, over 10,000 recruitment campaigns had been organized, with over 350,000 employers providing 6.97 million jobs. Nearly 7.42 million graduates applying for jobs participated in the events.

Since the start of a special loans scheme for stabilizing and expanding employment, more than 640 billion yuan (over 87.73 billion U.S. dollars) of loans have been taken, benefiting the creation and maintenance of 5.3 million jobs.

In the first three months of 2025, temporary reductions to premiums for unemployment insurance saved enterprises 45.6 billion yuan (about 6.25 billion U.S. dollars), while 3.52 billion yuan (about 0.48 billion U.S. dollars) of subsidies were offered to 588,000 enterprises to help them maintain job numbers.

The country expanded the coverage of social security programs, with the number of participants in basic old-age, unemployment, and workers' compensation insurance schemes reaching 1.071 billion, 244 million, and 297 million, respectively, at the end of the first quarter of 2025.

China adds over 3 million new urban jobs in Q1

China adds over 3 million new urban jobs in Q1

China's movie industry is increasingly deriving its earnings from broader consumer economy.

Released during the 2025 summer season, the film "Nobody" became China's highest-grossing two-dimensional animated film -- and its success went beyond theaters.

Through licensing and brand partnerships, the movie has generated 2.5 billion yuan (about 358.3 million U.S. dollars) in retail sales to consumers, with more than 800 licensed products on the market.

Ranging from plush toys to food and home goods, the movie-related merchandise can be purchased from over 3,000 online and offline outlets.

Meanwhile, souvenir stores are crowded at Shanghai Disneyland's Zootopia themed land, with hats, plush toys, and collectibles seeing steady demand from visitors.

"China's film industry is no longer defined by box office revenue alone. It has become a new growth engine that links and energizes multiple cultural sectors. At the heart of every successful film is strong storytelling. High-quality productions create cultural value, which in turn enhances the commercial value of intellectual property and opens up new consumption opportunities. I believe China's film industry delivered an outstanding performance in the past year," said Chen Xiaoda, vice dean of Shanghai Vancouver Film School.

Film IP fuels expansion of consumer market

Film IP fuels expansion of consumer market

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