BEIJING - China announced a decision Wednesday to promote lifelong vocational training for workers as it eyes a high-quality workforce to facilitate economic transition.

The government will subsidize business training programs and encourage private vocational schools, according to a statement released after an executive meeting of the State Council. College graduates and young migrant workers will receive skills training to help them find jobs or start their own businesses.

The meeting agreed on tax breaks for cash bonuses received by researchers from the commercialization of their research findings.