China official says 20 million migrants lost jobs

[Joanne98]

Source: Reuters


BEIJING (Reuters) - About 20 million Chinese rural migrants have lost jobs as the nation's economic growth has faltered, a senior official said on Monday, promising policies to boost incomes and a softer approach to potential unrest.

Chen Xiwen, director of the Office of the Central Rural Work Leading Group, told a news conference that a recent survey showed 15.3 percent of the 130 million migrants moving from villages to cities and factories had returned jobless to the countryside.

Adding this year's 6 to 7 million new entrants into the rural labor market, Chen added, China will this year have about 25 million jobless and potentially restive rural unemployed.

For the ruling Communist Party, which has yoked its authority to decades of rapid growth, these new rural jobless -- amounting to more than Australia's total population of 21 million -- are a worry, especially if migrant workers find their farmland has been taken for development.



Read more: http://www.reuters.com/article/topNews/idUSTRE51117920090202

[madrchsod]

1. this is from sundays "times online"

http://business.timesonline.co.uk/tol/business/economics/article5627687.ece

looks like china is in big trouble.

it`s interesting how the rest of the world riots and here in the states..

everyone goes about their daily lives as if there is nothing wrong

[Romulox]

2. There will be those who somberly announce that the American working class must suffer moreq

in order to prop up "the Chinese miracle".

[BobRossi]

3. Oh well.

Perhaps the world is tired of the shit that China passes off as product.
I would give a fuck if China consumed goods from the U.S.