Kahless Khan
04-03-2009, 19:50
Rising unemployment and the economic slowdown could cause massive social turmoil in China, a leading scholar in the Communist Party has said.
"This is extremely likely to create a reactive situation of mass-scale social turmoil," he wrote.
Zhang Ping, head of the National Development and Reform Commission, said the impact of the global crisis on China's economy was deepening.
"Excessive bankruptcies and production cuts will lead to massive unemployment and stir social unrest," he said.
http://news.bbc.co.uk/2/hi/asia-pacific/7766921.stm
As China's parliament gathers for its annual meeting in Beijing, the impact of the global economic crisis and jitters over the possibility of social unrest are taking centre-stage.
... the once white-hot Chinese economy is now rapidly cooling; protests by the ranks of newly unemployed are breaking out; and the sheen of what until recently was called China's "economic miracle" is beginning to crack.
Now the government hopes that by increasing social security Chinese will be inclined to spend more, raising domestic spending and lessening the country's vulnerability to the vagaries of far-flung exports markets.
It is a big hope and there are no guarantees that this will prove the spur that is needed.
The biggest worry of course is that the opposite may occur - that the stimulus measures fail, the upbeat talk has no effect, spending stalls, and China's economy goes into meltdown.
For China's leaders, failure is not an option.
http://english.aljazeera.net/news/asia-pacific/2009/03/2009349524935212.html
What does social unrest in China mean? Massive demonstrations and worker strikes against policy, or just a more intensive scrutiny and rage-blogging?
Could it also mean that MMO farming would be outsourced (to me LOLS), since more people in China would be looking for more productive means of labor?
"This is extremely likely to create a reactive situation of mass-scale social turmoil," he wrote.
Zhang Ping, head of the National Development and Reform Commission, said the impact of the global crisis on China's economy was deepening.
"Excessive bankruptcies and production cuts will lead to massive unemployment and stir social unrest," he said.
http://news.bbc.co.uk/2/hi/asia-pacific/7766921.stm
As China's parliament gathers for its annual meeting in Beijing, the impact of the global economic crisis and jitters over the possibility of social unrest are taking centre-stage.
... the once white-hot Chinese economy is now rapidly cooling; protests by the ranks of newly unemployed are breaking out; and the sheen of what until recently was called China's "economic miracle" is beginning to crack.
Now the government hopes that by increasing social security Chinese will be inclined to spend more, raising domestic spending and lessening the country's vulnerability to the vagaries of far-flung exports markets.
It is a big hope and there are no guarantees that this will prove the spur that is needed.
The biggest worry of course is that the opposite may occur - that the stimulus measures fail, the upbeat talk has no effect, spending stalls, and China's economy goes into meltdown.
For China's leaders, failure is not an option.
http://english.aljazeera.net/news/asia-pacific/2009/03/2009349524935212.html
What does social unrest in China mean? Massive demonstrations and worker strikes against policy, or just a more intensive scrutiny and rage-blogging?
Could it also mean that MMO farming would be outsourced (to me LOLS), since more people in China would be looking for more productive means of labor?