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Unemployment heading for crisis levels in China
China's government says it faces a grim problem with rising unemployment and the State Council, will hold a national conference later this year in an attempt to work out how to create more jobs
The government has unveiled a major paper on labour and social security reform, which speaks of the problems of mass unemployment, especially for those laid off from state-run firms.
The China Daily quotes the vice minister of labour and social security, Wang Dongjin saying the situation is so severe that it could well undermine social stability.
He says there's an excessive labour supply coupled with pressures caused by obsolete job skills and this situation will peak over the next few years, with 12 to 13 million people entering the job market annually.
But, Mr Wang says it's estimated that only eight million jobs can be generated annually over the same period.
29/04/2002 22:01:03 | ABC Radio Australia News
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