7. Job market

The country created 7.37 million new urban jobs in the first half of 2019, finishing 67 percent of the target for the whole year. China's job market remained stable in June, with the surveyed unemployment rate in urban areas standing at 5.1 percent.

As the domestic economic downside risks are increasing, the newly released job data is definitely eye-catching, said Li Changan, an economics professor in the University of International Business and Economics. The booming service industry has played a vital role in promoting employment.

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