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Social unrest warning sounded
Source: Xinhua |
January 6, 2009, Tuesday
|
Print Edition
Print Edition
UNEMPLOYMENT driven by the global financial crisis could cause social unrest in China, though the economy looks set to reach its annual growth target of 8 percent, according to a survey of leading Chinese economists.
Han Kang, vice-president of the National School of Administration in Beijing, warned rising unemployment, particularly among university graduates and migrant workers could lead to unrest unless it was tackled urgently.
Han was one of 13 economists interviewed by "Outlook Weekly" magazine, who predicted economic growth would fall in the year's first half, but surge back above 8 percent later in the year.
"The 4-trillion-yuan (US$586 billion) stimulus plan, intended to boost the economy, may not create as many jobs as expected," Han said.
The United States economic downturn would curb China's exports growth in the medium term, said Wang Xiaoguang, director of Research Institution under National Development and Reform Commission.
Most economists agreed the second half would be a turning point as the looser fiscal polices gradually took effect.
Han Kang, vice-president of the National School of Administration in Beijing, warned rising unemployment, particularly among university graduates and migrant workers could lead to unrest unless it was tackled urgently.
Han was one of 13 economists interviewed by "Outlook Weekly" magazine, who predicted economic growth would fall in the year's first half, but surge back above 8 percent later in the year.
"The 4-trillion-yuan (US$586 billion) stimulus plan, intended to boost the economy, may not create as many jobs as expected," Han said.
The United States economic downturn would curb China's exports growth in the medium term, said Wang Xiaoguang, director of Research Institution under National Development and Reform Commission.
Most economists agreed the second half would be a turning point as the looser fiscal polices gradually took effect.
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