China feeling pressure of unemployment, recession

November 12, 2012 20:04

China, with a 4.1 per cent urban unemployment rate, is feeling the pressure from the country's sluggish economy, as new job growth slows and more people become unemployed, a top official said today.

"The impact of economic slowdown on the job market is starting to emerge," said Vice Minister of Human Resources and Social Security Yang Zhiming.

The growth of newly added jobs in cities has been narrowing since April, while job vacancies have dropped with higher registered unemployed number, Yang said at a press conference on the sidelines of the 18th National Congress of the ruling Communist Party, which opened in Beijing on November 8 to elect a new Chinese leadership.

« Back to LIVE

TOP STORIES

India Inc to tap pvt credit for new projects: PwC

Private credit is fast emerging as a major source of finance for projects in India as several entrepreneurs are looking for short-term debt to bridge the funding gap due to difference in pricing for equity dilution, top officials at PwC...

Can Ashok Chavan Turn Tide in Nanded?

The BJP has again fielded Prataprao Patil Chikhalikar who humbled Ashok Chavan in the 2019 Lok Sabha polls by over 40,000 votes.

Yet Another Honour For Amitabh Bachchan

Amitabh Bachchan was honoured with the Lata Deenanath Mangeshkar Award at a ceremony in Mumbai's Dinanath Mangeshkar Natyagrih.

High Drama As Campaign Ends In TVM!

As the curtain falls on the campaign for the Thiruvananthapuram Lok Sabha seat on Wednesday, April 24, a ringside view of the closing ceremonies.

Pant hands GT's Mohit unwanted T20 record

Before Pant it was Multan Sultans's Pakistan batter Usman Khan who held the record.