The Problem, Unemployment, Occurred Of China And Its...

Introduction: In contemporary China, the flourish economy is of great benefits to many industries such as agriculture, urban housing, taxation and medical care, GDP have a buoyant trend at 7.5%, which causes a spurious fact that too many job opportunities can be created by the enhancement of living standard. However, the statistics from World Bank shows that the GDP of China have a slow upward on economy growth in the past decades, which from 11.4% to 7.4%, the year between 2007 and 2008 dramatically in particular. The inflation (consumer prices) also depicts ongoing slumping trend during the period, hit bottom at -0.7% in 2009.All the truths give rise to a fact that the many job opportunities are exploited by cutting down the number of workers, close-down of small industries and so on. In this paper, I detail the real problem, unemployment, occurred in China and evaluate the effectiveness and efficiencyofonestrategytakenbygovernment. Figure 1. GDP growth(annual %) between 2005 and 2015 (Source: World Bank http://databank.worldbank.org/data/reports.aspx?source=2country=CHNseries= period=#) Figure 2 Inflation, consumer prices(annual %) (source from World Bank http://databank.worldbank.org/data/reports.aspx?source=2country=CHNseries= period=) ThetypesofemploymentinChina The social problem comes from controversial social condition and consensus social issue, the origin and affect of social issues is itself (Charon, 2001). According to world development indicator, theShow MoreRelatedThe Great Depression Of The 1930s Essay1689 Words   |  7 PagesThe Global Crisis on the other hand, was a more recent recession caused by sub-prime mortgages and mortgage backed securities, that didn’t have as much of a lasting effect as it did on having a spreading effect on other economies. 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