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"China has been fortunate that it has been able to maintain phenomenal growth in its economy so that over a period of years every sector has seen significant benefits," he said.

"China is no longer collecting the retaliatory tariffs placed on many US farm goods because of the trade dispute. China now appears likely to meet a commitment to import at least 7 million metric tons of corn each year, and some barriers to US meat exports have been removed," he said.

"But now there are increasing numbers of retired people over age 60 due to the aging population, possibly bringing shortages in the labor force," he said.

"By promoting work resumption in an orderly manner, more employees are brought back to workplaces. The industrial chain may also drive employment. The commission will pay close attention to the employment situation of enterprises, taking advantage of various measures to further stabilize employment," he said.

"Caoyang New Village was built in 1952 to provide better quality accommodation to workers," said James Macdonald, senior director and head of Savills China Research.