China aims to expand human resources industry

China will foster growth of the human resources industry in the next few years to better serve the country’s economic development, according to a government plan.By the end of 2020, China expects revenue of the human resource industry to reach 2 trillion yuan (about $303.7 billion), according to an action plan released by the Ministry of Human Resources and Social Security.The country aims to have increasing contributions from the human resources industry to economic development by building a professional, international, industrialized and information-based human resource service system, said the plan.Other targets include establishing a number of human resource industrial parks nationwide and bringing the number of employees in the industry to 600,000, with about 10,000 of them being industrial leaders.

Source: China aims to expand human resources industry – Business –

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