China
China experienced extremely rapid growth throughout
the 1990s, although this trend began to slow at the end of the decade,
spurring the government to adopt pro-active fiscal policies. With China
increasingly linked to the global market economy, and the national economy
becoming increasingly market driven, government control is reduced. Increased
income inequality, uncertainty about how changes in the social security
system will affect working families, and rising unemployment are combing
to constrain domestic demand. Urban unemployment is increasing, although
this is not reported in official figures. Although the average wage is
rising, wage disparity is also increasing. While poverty is decreasing
in rural areas, poverty is increasing at an alarming rate in urban areas.
Income disparity between regions and between urban and rural areas is
rising. There is a very high level of unionization, although the unions
are totally controlled by the state.
- To read a detailed labor market
analysis for China, download one of the following:
Adobe Acrobat [.pdf] [size 47 kb]
Microsoft Word [.doc] [size 113 kb]
Source:
SEPI —
The Social and Economic Policy Institute
Flat A, 15/F, Wing Wong Commercial Building, 557-559 Nathan Road,
Yaumatei, Kowloon,
Hong Kong
Tel: 852-23849373
Fax: 852-23849057
http://www.sepi.org/
Data posted: January 14, 2002.
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