According to the 2008 estimates by China’s National Bureau of Statistic, the total number of the urban unemployed was 8.30 million. The country’s total unemployment rate stood at 4.0%.
Year-on-year estimates of China’s unemployment rate
China’s population has always drawn the attention of economists, as this Asian nation is the world’s most populated country. According to the National Bureau of Statistics, at the end of 2008, China’s population stood at 1,328.02 million people. This staggering number represented an increase of 6.73 million from the previous year’s figure.
As the Chinese government seeks to reduce pollution while increasing energy production, the China gas industry is gaining increasing importance. Gas production reached 76.1 billion cubic metres (bcm) in 2008, and with an increasing number of gas reserves in the nation that figure will only grow.
Chinese Onshore Gas Reserves: Songliao basin, Sichuan basin, Junggar basin, Tarim basin and Ordos basin.
The jobs market in China has been surging since 1978, when the communist regime opened its doors to foreign investment. The continuous arrival of foreign capital boosted the Chinese economy, making it the fastest growing economy in the world. As China embraced globalization, new industries were established and production hubs were created. Gradually, the country became a key contributor to the global economy, which opened the floodgates of employment opportunities.
According to the National Bureau of Statistics, China’s employment stood at 774.80 million persons at the end of 2008. Around 306.54 million were employed in the primary industry, accounting for 39.6% of the workforce. The secondary industry employed 211.09 million individuals, representing 27.2% of the total employed population. The employment figure for the tertiary industry was 257.17 million, accounting for 33.2% of China’s workforce.
Among the most encouraging recent developments in India China Economy and India-China ties is the rapid increase in bilateral trade. A few years ago, India Inc had a fear of being swamped by Chinese imports. Today, India enjoys a positive balance of trade with China.In 2004, India’s total trade to China crossed US $13.6 billion, with Indian exports to China touching $ 7677.43 million and imports from china at US $ 5926.67 million. But major industry players in India feel there is no need to give the Chinese a free ride into the domestic market so early.
Think about vast population and China is the first country that comes to mind. It is also the world’s most populous country but has achieved tremendous success in controlling China population growth. In mid 2008, the country’s population stood at 1.3 billion.
China’s population growth and uneven distribution span two periods. From 1949 to 1970, the population growth was dispersed evenly but from 1970 to 1990, the population disparity increased and concentrated in the east of China.
China is a Lower Middle Income economies coming under East Asia and Pacific Region as to the classification made by the World Bank on the basis of Income and region for the year 2006.
China Government in the year 1978 has brought tremendous success for the country’s economy.
