Finance
What is the unemplyment rate in China?
By Boxun
Nov 8, 2008 - 11:30:37 AM

In October, China announced that the unemployment rate is around 4% £¬ or, 8.3 million. In the same month, China official news reported that 50 million immigrant workers in Zhuhai region ( Guangdong) lost their jobs and preparing to go home. In other regions, the workers situation is not improving as the exchange rate of RBM is rising and export declines. Officially, 15% of  college graduates are unemployed. After considering all these numbers, the unemployment rate in China should be much higher. If count only Zhuhai¡¯s 50 million, the unemployment rate will be close to 20%.

Economists or experts about China seems ignore the basic facts.