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The Truth About Unemployment in China | Geopolitical Futures

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The Truth About Unemployment in China | Geopolitical Futures

By Jacob Shapiro Since 2002, China’s official unemployment rate has ranged from 4 percent to 4.3 percent. That statement by itself should be unnerving. Such a steady unemployment rate would be anomalous even for a very stable economy. China, however, has seen its economy transform over the past 15 years. Explaining why the official numbers are so unreflective of this volatility is revealing of China’s economic and political challenges. It is a...

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