Comments on: China’s growth obsession may spawn jobless upturn http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: jason http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/#comment-5056 Mon, 12 Jan 2009 22:08:24 +0000 http://blogs.reuters.com/great-debate/?p=1194#comment-5056 It is interesting to watch. China is in a predicament right now and very vulnerable as is Russia. I don’t believe that it is because of wall street fraud and irresponsible homeowners. I think there is an economic battle being waged here on the global scene. It’s hard to spend money on your military when when your economy is in the tank.

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By: David Kirkpatrick http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/#comment-4832 Thu, 08 Jan 2009 14:31:43 +0000 http://blogs.reuters.com/great-debate/?p=1194#comment-4832 A comment on the following from the article:

>>Most of China’s migrant workers are employed by small
private exporters.

The above just can’t be true and isn’t. A site should be given for facts that are questionable. Unless the author thinks China consists of the costal cities. I don’t think the government can capture the numbers of rural migrants anyway.

>>Large investment concentrated in a few industrial sectors could make urban-rural income disparity and overall inequality even worse.

The above was confusing, going which way? For example if in coal the effect depending on the projects could be a great boost to rural migrants or hurt them.

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By: Frank http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/#comment-4831 Thu, 08 Jan 2009 14:27:21 +0000 http://blogs.reuters.com/great-debate/?p=1194#comment-4831 A reluctant choice, in my opinion, has been made by the Chinese Gov to face up to such a dilemma as to keep on running or to have a rest.

These years, China is happy to see the fourth position it has got among the world’s economies. However, this decent position is far to cover up the economic gap between China and other western countries, whose GDP may close to China’s or even lower. Relatively poor infrastructure, area-unbalanced development and other issues are afflicting China, who has found out that there are still a long way to go.

In the mean time, most people there feel tired. Peasants from rural areas are living from hand to mouth. To find a way out, they are sending their young people to the big cities to make some money. Ironically, people, living in the urbanized areas, struggling with the increasing price of foods and commodities, are angrily joking there that they would rather like to move to countryside, where at least they would be able to afford a place to live in.

So, it’s really a difficult situation for Chinese Gov to make a decision. Although the Communist Leaders, preaching “harmony society” everywhere, are definitely worring that the unemployment and poverty would lead to riots, now they have decided. As the Chinese saying goes, “To cross a river by probing the stones”, now they have stepped on the GDP stone, leaving the miserable unemployed behind. Whether it is the right one or a dead end. We have to wait and see.

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By: mfsmarkets http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/#comment-4827 Thu, 08 Jan 2009 13:49:44 +0000 http://blogs.reuters.com/great-debate/?p=1194#comment-4827 It would be difficult for China to solve these problem at this stage when around the world are heading into recession. Even though China have try to stimulus with $600 billion dollars on infrastructure project and others.

China May be a mother of all manufacturing around the globe, but consumption and demand are weak could cause further down turn in China. If demand falling over 50% how can china keep the economy growing by at least 8 percent. I would said end of this year could be good for china when everything start to recover.

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By: maohaifeng http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/#comment-4819 Thu, 08 Jan 2009 11:23:32 +0000 http://blogs.reuters.com/great-debate/?p=1194#comment-4819 well, the problem’s hard to solve. when the era came to a technology world, those with good educations could easily get a decent position; while those had nothing but manual capacitis had to struggle for survive. The whole economy is benefiting from the high-tech, unfortunately we sometimes outsmart ourselves, the high-tech now take its toll, that is, few employment since we are neglected before machines and PCs comes!

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By: Michael http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/#comment-4811 Thu, 08 Jan 2009 08:13:15 +0000 http://blogs.reuters.com/great-debate/?p=1194#comment-4811 It is easy to comment on what the government has done to protect the economy from financial crisis, however, it is quite difficult to take an effective and efficient measure to realize it in a country with a population of 1.3 billion. I don’t see any difference between the measures taken by Obama and those by China. Don’t always complain, anyway, the government is taking actions.

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By: Sebastian http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/#comment-4810 Thu, 08 Jan 2009 08:12:12 +0000 http://blogs.reuters.com/great-debate/?p=1194#comment-4810 I agree with many valuable points made. However, one should consider “obsession” as beneficial. Obsession will mean pressure to find employment. One point not mentioned was the use of public-works (Keynesian style solutions) to help combat potential unemployment. I think it likely that we will see a government programme rolled out to develop large amounts of infrastructure like rail and road. This is more likely when considering Beijing’s “Go West” policy to develop inner and western regions of China. However, caution must be acknowledged to avoid such issues as building bridges to no where, as was seen in Japan. Less we forget China’s impressive currency reserves to support these potential public schemes.

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By: wtangya http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/#comment-4808 Thu, 08 Jan 2009 07:58:40 +0000 http://blogs.reuters.com/great-debate/?p=1194#comment-4808 Although paying more investment to the labor-intensive industry would result in incresing of employment ,it
would inhance the structural problem of Chinese economy.So to some extent ,it is a dilemma for the authority,who is pursuing the scientific development .

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By: Leno http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/#comment-4805 Thu, 08 Jan 2009 07:22:43 +0000 http://blogs.reuters.com/great-debate/?p=1194#comment-4805 You made a good argument in China’s obsession to keep the economy growth by at least 8 percent. The academics and analysts are now placing bets on both sides.

In fact it is true that the job market is more important than whether it can hit the target. There are still so many internal conflicts in China. The stable job market can largely help to stabilise the social condition.

Perhaps the digital “eight” is too special for the Chinese. It has a metaphor of fortune and wealth. Particularly they are so proud of their shining Olympic Game which was held on 8-8-2008 (and 8pm). So you can see it is highly likely that they believe the digital “eight” can really help to bring some luck.

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By: JOE http://blogs.reuters.com/great-debate/2009/01/07/chinas-growth-obsession-may-spawn-jobless-upturn/#comment-4799 Thu, 08 Jan 2009 05:24:56 +0000 http://blogs.reuters.com/great-debate/?p=1194#comment-4799 The authorities have realized what you have said,and they are doing their best ot crub this trend convyed by your stuff.Now i am preparing for the postgraduate exam,there is one discipline called politics(Zhengzhi in Chinese),what i have to learn by heart is the advices offtered by you.

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