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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.
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.
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