Monday, April 03, 2017

After joining the WTO at the end of 2001, China has faced even more thorny
economic problems. The only way for China to solve or control internal problems
is to keep the economy effectively growing at a minimum 7%–8% annually
to provide sufficient employment opportunities.53 In 2003, when the
economic growth rate was 9.1%, the net total of urban jobs increased by 8.59
million. In 2004, the Chinese government aimed at keeping the urban registered
unemployment rate below 4.7% by creating nine million net additional
urban jobs. That is, the government had to maintain at least a 9% economic growth
rate in 2004.5

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