Free Preview of Members-Only Content

To view the requested intelligence, you must be a Stratfor.com member.

Chinese Social Security Minister Yin Weimin has said that the employment situation in China is critical and may get worse amid the financial crisis. The announcement means Chinese economic reforms will once again take a back seat as Beijing focuses its attention on employment, no matter what the cost.
Related Special Topic Page

Chinese Social Security Minister Yin Weimin said Nov. 20 that the employment situation in China is critical and could get worse. Vice Minister Zhang Xiaojian added that unemployment levels could reach 4.5 percent by the end of the year, up from the current 4 percent, and could go higher still in 2009.

The figure of 4.5 percent sounds low, and it in fact only represents officially registered urban unemployment. It does not take into consideration China’s migrant workers (some 200 million strong) or those laid off by state-owned enterprises.


Stratfor Members, please log in at the top left hand corner
Get Stratfor's Free Intelligence
Objective Facts and Non-partisan Analysis

Stratfor delivers premier analysis and insightful intelligence on the events and issues that shape your world! Become part of a community that wants to understand what's really happening in the world, doesn't have time for fluff, partisanship, and noisy clutter. Enjoy free Intelligence written by:

  • Dr. George Friedman – Geopolitics
  • Fred Burton & Scott Stewart - Terrorism & Security

Delivered to your inbox FREE!

Get right to the salient points and receive:

  • Situational Awareness - What's happening that you need to know?
  • Analysis - What do today's events mean to you?
  • Insight – no partisan agenda & no ideological bias

Stratfor is the world's leading private sector source of geopolitical intelligence. Sign up today and enjoy free intelligence.


SIGN UP FOR INTELLIGENCE UPDATES NOW!