China Job Needs Show Why GDP Slowdown May Be Tolerated - 0 views
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Kirsten Newitt on 18 Oct 12Despite growth estimates going down for China (now at 7.4% in Q3/2012), the labour market is still tight and wages are still rising. Growth figures below 8% were previously considered cause for concern, but this article suggests that demographic trends (i.e. impact of the one child policy) are lessening the pressure on the government for job creation. There simply are not as many workers joining the workforce.While the latest slowdown has led to some temporary job cuts, these have not been near the figures reached in 2008-9. All of these factors suggest that further large-scale stimulus measures in China are unlikely.