Question
Question Since the economic reform in 1978, China's labor market has undergone remarkable transformations from the planned allocation of labor in state-sector jobs to an
Question Since the economic reform in 1978, China's labor market has undergone remarkable transformations from the planned allocation of labor in state-sector jobs to an open labor market with increasing numbers of workers employed in non-state and private sectors. Like in any other economies, unemployment is an issue and pressure affecting the working lives and welfare of China's citizens. The following news article is about China's challenge to ease unemployment as the impact of the coronavirus pandemic and some other factors: https://www.scmp.com/economy/china-economy/article/3205082/chinas-job-market- facing-big-pressure-covid-19-impact-bleak-global-economic-outlook a) Without getting caught in the specific data, provide a general analysis of China's labour market based on this news article. Include diagrams.
b) Provide two possible solutions for the high unemployment. Explain how your suggestions are supposed to work by using words and diagrams.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started