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Book Cover
E-book
Author Brooks, Ray, 1951- author

Title China's labor market performance and challenges / prepared by Ray Brooks and Ran Tao
Published Washington, D.C. : International Monetary Fund, 2003
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Description 1 online resource (24 pages) : illustrations
Series IMF working paper ; WP/03/210
IMF working paper ; WP/03/210
Summary Annotation A more market-oriented labor market has emerged in China in the past twenty years with growing importance of the urban private sector, as state-owned enterprises have downsized. Despite the progress on reforms, a sizable surplus of labor still exists in the rural sector and state-owned enterprises. the main challenge facing Chinas labor market in coming years is to absorb the surplus labor into quality jobs while adjusting to World Trade Organization (WTO) accession. This paper estimates that if annual GDP growth averages 7 percent and the employment elasticity is one-half, urban unemployment could double to about 10 percent over the next three to four years. These pressures would be limited by stronger economic growth, especially in the private sector and more labor-intensive service industries which have generated the most jobs in recent years. Therefore, policy should focus on encouraging private sector development while reducing barriers to labor mobility, improving worker skills, upgrading job search services, and strengthening the social safety net
Notes "November 2003."
At head of title: Asia and Pacific Department
Bibliography Includes bibliographical references
Notes Print version record
Subject Employment (Economic theory) -- China.
Labor market -- China.
Unemployment -- China.
Form Electronic book
Author Tao, Ran.
International Monetary Fund. Asia and Pacific Department.
ISBN 1283517612
1451874812
1451919409 (e-book)
9781283517614
9781451874815
9781451919400 (e-book)