The country is likely to see its employment situation take a turn for the worse if the economy remains sluggish, a June 26 report by the Bank of China’s International Finance Institute says.
The bank, one of the Big Four state banks, said that despite the fact the country’s economy has continued to slow this year, the government has refused to introduce stimulus policies, mainly due to the sound employment situation.
However, as exports decline further, the country will begin to feel pressure on employment.
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Li Yuqian via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/LGYjEO-NWkw/
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