The Korea Times:
China's jobless growth miracle
4 June 2015
Article by Keyu Jin
Chinese Prime Minister Li Keqiang recently cited job creation as vital to his country's ''ultimate goal of stability in growth''. His observation could not be more accurate. In fact, one of the most baffling features of China's economic rise is that, even amid double-digit GDP growth, employment grew at a measly 1.8 percent average annual rate from 1978 to 2004. Households, it seems, have largely missed out on the benefits of economic development in China.
This article was published by The Korea Times on June 4, 2015
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Related links
Keyu Jin webpage
Globalisation Programme webpage
Macro Programme webpage