tirsdag 7. juli 2020

Coronavirus: China's workers and graduates fear for their future

An impending unemployment crisis is the stuff of nightmares for China's leaders. The ruling Communist Party worries incessantly about the effects on social stability. Small but visible protests sprang up in Wuhan in April. Workers in a shopping centre gathered to demonstrate against rents they could no longer afford. The official jobless total in China's cities has already hit the government's target. There are independent forecasts that it could go much higher.

China's number two politician, Premier Li Keqiang, acknowledged the scale of the problem last month when he said: "The truth is that in April that figure already hit 6%... Employment is the biggest concern in people's lives. It is something of paramount importance for all families."