China Could Lose 50 Million Jobs in 2009 - 01/20/09

Submitted by Doug Cunningham on January 19, 2009 - 5:28pm
Printer-friendly versionPrinter-friendly versionSend to friendSend to friend

If you think the job losses in the United States are bad, a leading Chinese scholar is projecting his country could see losses upwards of 50 million jobs by the end of 2009. According to an article in Australia’s The Age, the highest rate of joblessness could come from rural migrants reversing the trend of urbanization in the world’s most populace country.