Economic growth in China
Economic Growth in China In recent years, with the development of china, some problems are emerging. The unemployment and environmental issues is becoming more and more serious. A larger number of people researched on the situation and reasons of these problems. From kinds of reports, it is easy to know that the situation is serious, and the reasons are varied. This essay is analysis situation of economic growth in China. The biggest challenge facing China is not slowing growth but unemployment, which could trigger social unrest. (BBC, 2009) Unemployment Rate in China remained fairly steady at 4.10 percent in 2012, making up only 4% of unemployment rate. The chart was begun to rise more significantly in 2008 and by July in 2011 tripled to reach 4.3% of the unemployment rate in China. Although there was no change in percentage of the labor force at 2008, but the percentage of labor force increased at 2009 and 2010. Unemployment rate in China is reported by the Ministry of Human Resources and Social Security of the PRC. (Trading economic, 2012) In China, the unemployment rate measures the number of people actively looking for a job as a percentage of the workforce. This figure includes a current for China Unemployment Rate.
Figure 1 China unemployment rate (Trading economic, 2012) Such as serious situation of unemployment have a lot of reasons. Such a serious situation of unemployment has a lot of reasons. At first difficulty in state enterprise’s development is a main reason for the laid-off and surplus workers in city. With the high-speed development of economy, state enterprises have to change their system to survive and compete with others. So more and more workers have being laid off .The second reason is continued increase of surplus work force in countryside. Nowadays, agricultural demand for labor has declined because of the progress of science and technology and the decline of farm. The
Figure 1 China unemployment rate (Trading economic, 2012) Such as serious situation of unemployment have a lot of reasons. Such a serious situation of unemployment has a lot of reasons. At first difficulty in state enterprise’s development is a main reason for the laid-off and surplus workers in city. With the high-speed development of economy, state enterprises have to change their system to survive and compete with others. So more and more workers have being laid off .The second reason is continued increase of surplus work force in countryside. Nowadays, agricultural demand for labor has declined because of the progress of science and technology and the decline of farm. The