China's employment challenges and strategies after the WTO accession
AbstractAlthough China has made impressive progress in economicdevelopment and improving social well-being, it is facing many daunting challenges while transforming toward a knowledge and service-based economy and further opening up to international competition after its WTO accession in the context of knowledge revolution. One of the biggest challenges is how to create 100-300 million new jobs in the coming decade to absorb the millions of laid-offs, rural emigrants and newly added labor force. China has been successful in building high-tech parks and ICT industries, but they are limited in terms of employment generation, while most of the traditional labor-intensive industries are losing competitiveness due to low productivity. In order to combat the unprecedented employment challenge, China must implement a systemic and sustained strategy, which may consist of the following policy thrusts: encouraging the private sector; promoting small and medium enterprises; expanding the service sector; reforming the state-owned enterprises; strengthening the social security system; improving labor market flexibility; and establishing mass retraining programs.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 3522.
Date of creation: 01 Feb 2005
Date of revision:
Public Health Promotion; Banks&Banking Reform; Municipal Financial Management; Environmental Economics&Policies; Labor Policies; Economic Theory&Research; Environmental Economics&Policies; Banks&Banking Reform; Municipal Financial Management; Health Monitoring&Evaluation;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-02-20 (All new papers)
- NEP-DEV-2005-02-20 (Development)
- NEP-MAC-2005-02-20 (Macroeconomics)
- NEP-TRA-2005-02-20 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Knight & Lina Song, 2003. "Chinese Peasant Choices: Migration, Rural Industry or Farming," Oxford Development Studies, Taylor & Francis Journals, vol. 31(2), pages 123-148.
- Zeng, Douglas Zhihua & Wang, Shuilin, 2011. "China and the knowledge economy : challenges and opportunities," Policy Research Working Paper Series 4223, The World Bank.
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