Unemployment in China

China Unemployment | Economic News & Forecasts

China - Unemployment

Amid rising trade tensions with the United States, economic growth decelerated in the third quarter to levels not seen since the trough of the global financial crisis in 2009. This has piled pressure on the Chinese government to reignite economic activity. On the upside, growth in fixed-asset investment ticked up in September, suggesting that the first bunch of stimulus measures have started to kick in. Moreover, the economy is benefiting from the front-loading of shipments ahead of planned additional tariffs to be imposed by the U.S. in January 2019, as well as by less restrictive anti-pollution policies. Meanwhile, on 20 October the government presented a new special deduction plan to be implemented in 2019, which builds upon the tax reform announced in August and hopes to support household consumption. More recently, President Xi Jinping vowed to support private companies in a meeting with top businesses on 1 November. State-owned firms enjoy preferential access to credit, which hurts private financing especially in a context of weak lending growth.

China - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate4.1  4.1  4.1  4.0  3.9  

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China Unemployment Chart


China Unemployment
Note: Unemployment in % of active population.
Source: National Bureau of Statistics of China.

China Facts

ValueChangeDate
Bond Yield3.43-0.11 %Nov 15
Exchange Rate6.94-0.19 %Nov 15
Stock Market2,668-0.34 %Nov 15

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