An economic slowdown in China is posing challenges for national employment, an economic researcher in the country's top executive body said Thursday.
China's economic slowdown is creating some difficulties for national employment, an economic researcher in the country's top executive body said Thursday.
For Beijing, keeping a handle on employment is critical to maintaining control over a massive country of more than a billion people. Widespread job losses could lead to undesirable social unrest. Zhang's on-the-record comments on Thursday provided greater insight into how severe unemployment issues might be, at least in labor-intensive industries.
"Many of these companies think they have done what they can do before November and they are not planning to organize further production after that," he said.Tensions between the world's two largest economies escalated last year as both applied tariffs on billions of dollars worth of goods from the other country. The southern province of Guangdong was particularly affected due to its greater exposure to manufacturing and other export-oriented business.
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