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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.50+0.6%Jan 8 4:00 PM EST
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To: TobagoJack who wrote (161113)8/11/2020 8:10:17 AM
From: dvdw©1 Recommendation

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State planners are staring at their gravest challenges yet. Gone are the days — and the easy returns — when a shot in the arm of credit helped to build tens of thousands of miles of highways and rail lines, putting millions to work. Beijing now faces a rising unemployment rate and the threat of social unrest. A record number of graduates will tap the job market this year, with too few opportunities awaiting them. Covid-19 has put millions of Chinese export-related jobs at risk. As China’s population grows older, the labor force shrinks and unemployment ticks up, the state’s social safety net is falling short. Public spending on social insurance is just over 5% as a portion of its gross domestic product and unemployment coverage is low, with only about a fifth of the jobless population receiving benefits.

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