This is the third in a series of six stories exploring the causes and consequences of the domestic unemployment crisis China may face following the coronavirus pandemic. This story looks at the switch in focus from growth to keeping the country’s jobless rate under control.
The coronavirus pandemic has forced a dramatic change in priorities for Beijing’s leaders, as they grapple with falling economic growth and a rising unemployment rate that threatens social stability ” the foundation of the ruling Communist Party’s legitimacy.
University graduates, migrant workers and the country’s small business sector are the most at risk and China’s leadership has responded by making controlling unemployment a higher priority for the year ahead than getting the growth rate back on track.
A migrant worker waits for a