Page 109 - Azerbaijan State University of Economics

Fettouche Fatma: Influence of Human Capital On Employment In China Standard
Analytical Study

The quantity of urban community health institutions rose from 5,903 in 2010 to over
9,200 in 2020, while government subsidies for these centres surged from 10.9 billion
RMB to 81.3 billion RMB, indicating an annual mean expansion over 2% (Qian,
2022).

Investment in education augments human capital, hence underscoring the significance
of training, credentials, experience, skills, and technical expertise within the
workforce. The Chinese Government has markedly improved education via the
enhancement of teaching, learning, and training curriculum; yet, affordability remains
a crucial challenge in the endeavour to cultivate human capital for competition with
other industrialised nations.

Figure 1. Total health spending in China and its proportion of GDP: 1990–2021

Source: China's Health Annual Report

Figure2. Public education spending by educational level as a percentage of GDP,
2015-2019

Source: Ministry of Education (2015-2020a), Ministry of Education, National

Bureau of Statistics (2015-2021).

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