Understanding China, One Blog at a Time

An American in China

Chinese Brawl over Layoffs

Posted by w_thames_the_d on May 22, 2011


As inflation hits China and layoffs become more prevalent, China will have to decide how to deal with this issue. Common knowledge says that China needs to grow her economy at 10% per year or massiive layoffs will occur. China is fearful of having so many people unemployed and their prediction of a slipping growth rate is not good for moral nor a peaceful society. Here is a case in point…

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