China Facing Unemployment Issues

The United States isn’t alone when it comes to problems with unemployment. Currently, China has 24 million people looking for jobs. A top government official said that only about half of those people will be able to find work this year.
Compared to last year, China is having more problems finding work for its people.
“The shortfall between supply and demand (for work),” said Yin Weimin in the China Daily, “will become larger than last year due to the failure to create enough job opportunities.”
The poor global economy caused approximately 30 million factory workers in China to lose their jobs last year. …read more