China's employment challenges and strategies after the WTO accession
Douglas Zhihua Zeng
No 3522, Policy Research Working Paper Series from The World Bank
Although China has made impressive progress in economicdevelopment and improving social well-being, it is facing many daunting challenges while transforming toward a knowledge and service-based economy and further opening up to international competition after its WTO accession in the context of knowledge revolution. One of the biggest challenges is how to create 100-300 million new jobs in the coming decade to absorb the millions of laid-offs, rural emigrants and newly added labor force. China has been successful in building high-tech parks and ICT industries, but they are limited in terms of employment generation, while most of the traditional labor-intensive industries are losing competitiveness due to low productivity. In order to combat the unprecedented employment challenge, China must implement a systemic and sustained strategy, which may consist of the following policy thrusts: encouraging the private sector; promoting small and medium enterprises; expanding the service sector; reforming the state-owned enterprises; strengthening the social security system; improving labor market flexibility; and establishing mass retraining programs.
Keywords: Public Health Promotion; Banks&Banking Reform; Municipal Financial Management; Environmental Economics&Policies; Labor Policies; Economic Theory&Research; Environmental Economics&Policies; Banks&Banking Reform; Municipal Financial Management; Health Monitoring&Evaluation (search for similar items in EconPapers)
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