46
Relationship of Methods Used to
Unemployment
26.
Control Inflation and
Different. methods
are used to control
inflation. Western countries tend to use the same method
and low salaries. How
but this leads to unemployment
does China deal with the problem?
27.
The
The situation is the same in China. In China,
the "job waiting rate" (an euphemism for unemployment)
was 5.7% in 1979, 2.0% in 1988 and 2.6% in 1989.
rate was expected to be 3.0% in 1990 but was actually
comparison with international standards, this
2.5%.
is relatively low because the international economy still
occupies a relatively small part of China's economy and
consequently there is relatively little outside economic
influence.
Insurance System
28.
Does China have an insurance system?
29.
Experimental work has been carried out in job
waiting insurance for bankrupt enterprises. In addition
bankrupt enterprises are encouraged to combine with other
(viable) enterprises.
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