Chinese officials say employment situation "grim"

Angela Berst
Sociology-202
3:01pm
11/26/08

Chinese officials say employment situation “grim”

It seems as though the economic crisis is becoming much worse and the effects are quite noticeable. Many businesses and firms have had to close down from the decrease in production. Companies in China have ended up “resorting to massive layoffs which could lead to social unrest.” People that are searching for employment in cities are “outnumbering new jobs by two-to-one.” There are about twenty-four million people in rural areas that are looking for jobs in the city. Only about twelve million job positions are actually open in the city. This causes many problems for people; many job positions are being cut this is another reason why employment in the cities is so low. “In Zhejiang and Guangdong provinces have seen massive layoffs due to production cuts and factory closures.” “More than sixty-eight thousand small companies nationwide collapsed in the first half of two thousand eight” as the government has predicted. These problems and job losses are not just occurring in the main areas in China but all over the country. The economic issues that are shown here in China are part of and contributing to the current global crisis. The problems in China are just a part of a continuous cycle leading to the decline in production and employment. In order to resolve or at least slow down this recession countries need to unite and work together to find a common solution.



"Chinese officials say employment situation "grim"" Domain-b.com. 24 Nov. 2008. 26 Nov. 2008 .