Economic status of China
Overview: Because of china's want for rapid economic growth, it has changed its structure of the state owned enterprises not only the enterprises but also the whole economy, due to this change the unemployment rate has sky rocketed. Although china's economist expect that 2 to 3 million jobs will be created through China's entry to WTO (world trade organization) But through that process of entry the change again will create more jobs lost then created.
&middot;<Tab/>Urban unemployment rate approaching 10 % at 2001
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