In October, China announced that the unemployment rate is around 4%
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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.