The coronavirus pandemic has thrown tens of millions out of work in China, piling pressure on the country’s patchy social welfare network and creating a major policy challenge for Beijing.
While the Chinese government has vowed to handle the sharp rise in unemployment, some economists have warned that the structural changes in the economy that helped absorb waves of unemployed in the past are no longer present to help in the current situation.
A failure to revive the services sector and private businesses, which account for the vast majority of jobs, could darken China’s economic future and undermine the Communist Party’s narrative that its model of governance will lead China to a great reju
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May 12, 2020