China’s real unemployment rate is nearly twice the official rate of 4.1%, The Wall Street Journal reported, citing a new survey of 8,000 households. Gan Li, a professor of economics at South Western University of Finance and Economics, conducted the survey that found unemployment to be roughly 8% in June. The study also found that […]
Category: Employment & Education
A measure of China’s income inequality rose to a dangerously high level in 2010, showing that the wealth gap has widened and may triger protests, Bloomberg reported. China’s Gini coefficient rose to 0.61 up from 0.412 in 2000, when China last released an official figure, according to the Survey and Research Center for China Household […]
Chinese employees saw very few businesses can escape the taint of corruption
Wage pressures won’t derail Foxconn for long
A protest involving around 1,000 migrant workers broke out on Tuesday in Zhejiang province, after an employer allegedly killed a migrant worker, Reuters reported. Yang Zhi, a 19-year-old migrant worker, was said to have been killed by his employer, Xu Qiyin, over a salary dispute in Rui’an city, near Wenzhou. State media said that workers rushed a […]