An analysis of the unemployment rate in China
This essay is to show some of trends of the unemployment rate in China. Then, it is significant that it will analyses why the Chinese unemployment rate goes through these experiences. Finally, I will predict the future change of the Chinese unemployment rate and give some reasons to describe why it has this change.
Firstly, there is going to show a chart with historical data for the China unemployment rate. The trend of the unemployment rate in China suffered dramatic increase from 2002 to 2004. It was rose sharply from 3.9% to 4.3%. After noticeable growth, the Chinese unemployment rate kept regular decline from 2004 until 2008. Thus, this figure was decrease by 4% in 2008. Then, there was a considerable increase and it kept level out at 4.3% between 2008 and 2010. From 2010 until 2012, the China unemployment rate maintained fluctuation between 4.3% and 4.1%. Finally, the unemployment rate in China was last record at 4.1% in the first quarter of 2012.
Secondly, there are some reasons to illustrate which effect cause the change of chart. In 2002, Chinese government was change the economic structure. It caused some aspects to lack cooperation such as labor skill, geographical distribution and labor supply and demand. In addition, the current global financial crisis was having a significant negative impact on the Chinese unemployment rate in 2008 because China as the largest developing country and an export-driven economy, it would have been impossible to avoid the impact of the global financial and economic crisis. Therefore, the huge number of the Small and medium-sized enterprises bankrupted to cause a soar in the real unemployment rate.
In the future, my point of view is that the change of the Chinese unemployment rate is probably going to increase because of the demographic factor. China is...