weeks ago on the armed forces thread I said that the numbers we were predicting for chinese unemployment due to the financial meltdown were in the order of 20m people. I also said that the biggest concern would be the social instability associated with it.
well, now the chinese govt is acknowledging it:
h!!p://www.abc.net.au/news/stories/2009/02/02/2480414.htm?section=justin
--------------------------------------------------------
20 million Chinese workers axed
By China correspondent Stephen McDonell
Posted 3 hours 40 minutes ago
Updated 3 hours 41 minutes ago
China's Government says 20 million Chinese rural workers have lost their jobs because of the global economic downturn.
A collapse in international demand for Chinese-made goods has seen thousands of factories close.
Chen Xiwen's office of the Central Rural Work Leading Group deals with the hundreds of millions of rural workers who travel to industrial cities every year seeking jobs.
Mr Chen says that this year more than 15 per cent of rural workers are unemployed.
The Government says it fears the rise in unemployment could lead to social instability.
|