July 25, 2018 / 6:54 AM / a year ago

China's trade frictions with U.S. spell uncertainty for jobs, state planner warns

BEIJING, July 25 (Reuters) - China’s trade friction with the United States is creating uncertainty for its job market, the state planner said on Wednesday, but vowed not to let the dispute trigger large-scale unemployment.

At a regular briefing, the National Development and Reform Commission (NDRC) said it would keep the unemployment rate within its target, step-up its monitoring of the jobless rate and set up contingency plans to deal with any issues.

China aims to maintain its urban survey-based jobless rate within 5.5 percent in 2018, while keeping registered unemployment rate, another official gauge, within 4.5 percent. (Reporting by Beijing Newsroom and Jenny Su; Writing by Yawen Chen Editing by Shri Navaratnam)

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