Tuesday, March 11, 2008

'Severe' jobless problem in China


China is facing a very severe unemployment problem, says Labour Minister Tian Chengping.
He said 20 million new workers entered the labour market each year, chasing only 12 million jobs.
He said employers were complaining about a lack of skilled workers and China had to provide more training.
Speaking on the sidelines of the annual National People's Congress in Beijing, Mr Tian said the aim was to keep urban unemployment at or below 4.5%.


There is a major unemployment rate in China. 2 million new workers show up each year for jobs and only 12 million get them leaving 8 million jobless. This problem is trying to be fixed by creating 10 million new jobs this year.


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