China's Unemployment Pressures
By Manfred Elfstrom, ILRF Program Officer As the World Bank is predicting the first contraction in worldwide economic growth since World War II, China is focusing on creating jobs at home. Fast. As the headline of an article in the English-language China Daily blared yesterday, “Job #1 for NPC: Employment.” “NPC” stands for the National People’s Congress, China’s legislature, which is at this moment holding its annual meeting alongside the advisory CPPCC (Chinese People’s Political Consultative Committee) in Bejiing. The employment situation in China is grim. On February 2, 2009, Chen Xiwen of the Central Rural Work Leading Group, a government advisory body, said that as many as 26 million migrant workers “are now coming under pressures for employment.” China Daily quoted Professor Chen Guangjin of the Chinese Academy of Social Sciences as putting the unemployment rate for new college graduates at “over 12 percent” on December 16, 2008. During a January presentation at the Carnegie Endowment for International Peace, Pieter Bottelier predicted that in 2009 an estimated 47-53 million non-agricultural workers will compete for 6-7 million jobs in the non-agricultural sector.
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