Boxun News
Unbiased information resources about China and the World
Previous Version | Boxun News in Chinese | Boxun Video | About us |  

China : Finance Last Updated: Nov 8, 2008 - 11:53:32 AM


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

Email this article
 Printer friendly page

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.



© Copyright 2008 by Boxun News

Top of Page

Finance
Latest Headlines
The Chinese Disconnect
Chinese Shadow Banking Industry Faces Difficulty
Why the International Energy Agency Questions China’s Statistics
G2 and the Prospects of the New World Economic Order
Will China Lead the Global Economy to Recovery?
Hu Jintao's Important "Common Boat" Speech at the G-20 Summit: Oppose Protectionism in Reestablishing the International Financial Order
China is Not Prepared to Challenge the U.S. Dollar's Reserve Currency Status
4000 billion is only 1/3 of its plan, yet still a secret
What is the unemplyment rate in China?
Odd News: The first priority is to reduce the trade surplus