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China To Add More than 50 Million New Urban Jobs in 2016-2020 (reuters.com)
China is striving to create more than 50 million new jobs in urban areas over the five years to 2020, the cabinet said in an employment promotion plan on Monday. From a report on Reuters: It will also aim to hold the urban registered unemployment rate below 5 percent in the same period, according to the document published on the central government's website. "Opportunities and challenges in promoting employment coexist," the cabinet said. The government has said 13 million new urban jobs were created in 2016, beating its target of 10 million. The official unemployment rate has been hovering just over 4 percent in recent years, even as China's economic growth slowed to 6.7 percent in 2016, its slowest in 26 years.
One could say their getting all Trump on their economy.
They're forcibly uprooting the rural population and moving them into the cities to provide demand for the crap their factories are putting out.
Happy to hear they're sticking to regular 5-year plans. Those have always turned out well.
What will American citizens do if 50 million Chinese people are over in the USA stealing their jobs? (I'm OK with Chinese-American citizens having jobs in the USA, though.)
>The official unemployment rate has been hovering just over 4 percent in recent years, even as China's economic growth slowed to 6.7 percent in 2016, its slowest in 26 years.
The thing is that they don't have much young people to man factories, and they have to many Harward PhDs.
Sounds like they're making China great again.
"That's the way to do it" - Punch
Most of which will be front page news on Slashdot
Doing what? China is soo bubble. The local govts are just....wow.
Capitalism without boundaries a la Trump's prescription. Ant farm.
China has over 1 billion people. No way they have unemployment under 5%. But I suppose it depends on how they define employed. My guess is they say that beggars are employed as are vagrants.
Anything with the word China in it seems to be red-meat for the Slashdot crowd. Having actually RTFA there isn’t much in there that is different from how liberal democracies go about trying to encourage economic growth. China is mostly Communist in name, but this isn’t to say their system operates identical to ours. I have been to China seven times in the last ten years, so I can give you a reasonable impression of life there. People going about their day-to-day lives do not liver under constant fear and oppression. Life in the big cities is very modern. The country is virtually two countries in one. The modern cities and the backward villages. That said the government wields a big stick in getting big projects done (sometimes without enough forethought). I find most people fear China is going to far outstrip the west in science and economy in the not too distance future, most of the rest think it is a powder-keg about to self-destruct. Neither view is very close to the truth. As China pulls into parity with the west, it’s economy is slowing down because it no longer is leaping from behind by leveraging cheap labor and because labor is not longer staying cheap (because economic success has created a prosperous middle-class) and because automation is destroying cheap labor’s advantage anyway. China is desperate to raise everyone into the middle-class so as to sustain their economy on internal domestic consumption. So while the party is coming to a close, they still hope to get the job largely done without have two separate classes of citizens (city dwellers, versus farmers and villagers).
Letter To Iran
Thank you Wal-Mart shoppers
In the last 8 years, over a million jobs were created in the USA, but the majority of them don't pay a living wage, so the number of people seeking full-time employment hasn't changed. Is China going to do any better, and if so, how?
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
In Chinese culture, higher education is a big status symbol, much more so than the US.
In the US, a big-name degree is a relatively minor status symbol UNTIL it makes one wealthy. This is because we know that academic excellence often doesn't translate into earning power, and those with good grades often lack people skills (to be frank).
But in China, a big-name degree typically has gotten one into higher positions, partly out of cultural habit. A manager has bragging power by hiring a big-degree person, even if the employee is a dud (lazy, fastidious about the wrong things, bad people skills, etc.). Back in the days when the economy was mostly socialistic, dud employees didn't hurt that much.
I suspect this will gradually change over time as practical issues, fast change, and competition pressure overwrite custom; but for now, Chinese are education addicts.
Table-ized A.I.
So urban expansion only provides 60-some percent of jobs
Doesn't Saudi Arabia follow 5-year plans?
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Men with no respect for life must never be allowed to control the ultimate instruments of death.
GW Bu
Dont think 0-5 year olds need jobs in China, it's not India!