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Is the party over in China? Massive unemployment looms

worldtribune.com — Rand Corporation ...came up with a figure of 23 percent of the workforce being without a job. So, faced with something like 300 million people without jobs, it is easy to see why, despite all the talk about inflation (and pollution), Beijing leadership will always go for growth and providing new jobs. That is true even when threatened by inflation.

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  • inactive, on 02/15/2008, -0/+2What was the point of communism again?
  • inactive, on 02/17/2008, -0/+1A significant article on how China caught up with The Western World including the back lash of an overheated economy with a future of growing unemployment.
    After Beijing 2008 Olympics China’s biggest long-term problem for the central authority will have to start to address the issue in a radical approach to their structural reforms.

  • st00f72, on 02/17/2008, -0/+1300 million unemployed... hmm that's roughly the # of the entire US population!
  • sroberson, on 02/15/2008, -1/+2Mao/Deng/Zemin/Jintao: "No, really. We're doing it for you! It's really necessary to periodically subjugate x% of the population to 'protect' you from 'counter-revolutionaries', 'bourgeoisies', 'falun gong practitioners', etc.
    http://ninecommentaries.com/
  • hiscity, on 02/17/2008, -1/+1Hugo Chavez, a Chinese puppet, caused this -- so no crying, eh.

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