IDEAS home Printed from https://ideas.repec.org/a/gig/chaktu/v38y2009i2p121-144.html
   My bibliography  Save this article

China’s Employment Crisis – A Stimulus for Policy Change?

Author

Listed:
  • Günter Schucher

    ()

Abstract

In the face of severe job problems, China’s government has adopted a huge stimulus package in a bid to achieve eight per cent economic growth, which is said to guarantee at least enough jobs for the new entrants to the labour market. The real situation, however, will be much grimmer than statistics indicate. Unregistered groups like unemployed rural migrants, job-searching college graduates, laid-off workers and others together with the officially registered unemployed and the new market entrants could add up to 42 million altogether, while even the most optimistic estimates say only around 15 million new jobs could be created in 2009. Nevertheless, the stimulus package demonstrates an at least temporary shift in economic policy from capital-intensive to labour-intensive growth. Additionally, the new initiatives to boost social-security spending could help to address the grievances of the most vulnerable groups in the labour market. The Chinese government’s reaction to the emerging employment crisis once again demonstrates the often underestimated adaptability of China’s leadership.

Suggested Citation

  • Günter Schucher, 2009. "China’s Employment Crisis – A Stimulus for Policy Change?," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 38(2), pages 121-144.
  • Handle: RePEc:gig:chaktu:v:38:y:2009:i:2:p:121-144
    as

    Download full text from publisher

    File URL: http://hup.sub.uni-hamburg.de/giga/jcca/article/view/47/47
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arjan de Haan, 2010. "The Financial Crisis and China’s “Harmonious Societyâ€," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(2), pages 69-99.
    2. Margot Schüller & Yun Schüler-Zhou, 2009. "China’s Economic Policy in the Time of the Global Financial Crisis: Which Way Out?," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 38(3), pages 165-181.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gig:chaktu:v:38:y:2009:i:2:p:121-144. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karsten Giese) or (Heike Holbig). General contact details of provider: http://edirc.repec.org/data/dueiide.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.