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The unemployment rates of every country throughout the world are strongly correlated with gross domestic product and rural and urban labor. [31] According to a 2017 economic study, official government statistics show that unemployment in China is unusually low relative to gross domestic product and suspiciously stable. [32]
China's total unemployment rate has hovered around 5% for the last few years, even through the pandemic. ... a Beijing-based associate economist at the Institute of International Finance. "The ...
Lee Ying Shan, CNBC. September 23, 2024 at 9:12 AM. Job hunters at an employment fair in Henan Province, China on Aug. 16. China ’s youth unemployment rate in August rose to the highest level ...
One of the hallmarks of China's socialist economy was its promise of employment to all able and willing to work and job-security with virtually lifelong tenure. Reformers targeted the labor market as unproductive because industries were frequently overstaffed to fulfill socialist goals and job-security reduced workers' incentive to work.
BEIJING (Reuters) -Rising unemployment in China is pushing millions of college graduates into a tough bargain, with some forced to accept low-paying work or even subsist on their parents' pensions ...
Social issues in China are wide-ranging, and are a combined result of Chinese economic reforms set in place in the late 1970s, the nation's political and cultural history, and an immense population. Due to the significant number of social problems that have existed throughout the country, China's government has faced difficulty in trying to ...
(China’s general urban unemployment figure—which the bureau did release on Tuesday—was 5.3% in July, up 0.1 percentage points from the month prior). Youth unemployment is now a major crisis ...
The electric vehicle industry in China is the largest in the world, accounting for around 58% of global consumption of EVs. [251] In 2023, CAAM reported China had sold 9.05 million passenger electric vehicles, consisting 6.26 million BEVs (battery-only EVs) and 2.79 million PHEV (plug-in hybrid electric vehicles). [252]