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Unemployment

This tag is associated with 3 posts

China faces an unemployment time bomb


Strip away the veneer of President Xi Jinping’s “China Dream” policy and you will find 600 million people earning just 1,000 yuan a month. Depending on the conversion rate, that works out at US$140, or $4.6 a day. It was hardly surprising then that Premier Li Keqiang would highlight the plight of this forgotten section … Continue reading

China to expand unemployment benefits to lure migrants to cities


Urbanisation is now one of the key issues of Chinese President Xi Jinping’s further thorough economic reform. It will greatly expand domestic market and thus boost substantial economic growth, but the resistance of vested interests is very strong in opposing the reform in China’s hukou system that prevents rural migrant workers from settling down in … Continue reading

Graduate unemployment in China and USA


Unemployment of recent graduates is hovering at 50% in both China and the US. The lack of available employment for the best and the brightest is a symptom of what is wrong at a macro level with each of our respective economies. While the overall symptoms are the same, the disease, and its treatment, is … Continue reading

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