For the first time in at least three decades, China has omitted a numeric urban job creation target from its 2026-2030 five-year plan, a move attributed to rising uncertainty from the spread of AI. Instead of a fixed number, the Ministry of Human Resources and Social Security stated it will aim for a “considerable scale” of new jobs and set flexible annual targets based on yearly conditions.
Job creation target removal
- ▪The omission of a numeric job creation target is the first such instance in at least three decades
- ▪China set no numeric target for urban job creation in its 2026-2030 five-year plan
- ▪The omission of the job target is linked to rising uncertainty over employment as AI spreads through the economy
Five-year plan details
- ▪China's government will instead aim to keep new urban jobs at a “considerable scale” from 2026-2030
- ▪The 2026-2030 five-year plan was released by China's Ministry of Human Resources and Social Security
- ▪Annual job creation targets will be set flexibly based on each year’s specific conditions
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