CHINA
Corruption, Lack of Opportunities Challenge Job Growth in China’s Rust Belt
William Ide, VOICE OF AMERICA
As China’s economy slows to growth rates not seen in more than a quarter of century, the country’s Communist Party rulers are under increasing pressure to create jobs. Millions enter the workforce each year, and as China tries to reduce overcapacity in steel and coal industries, a growing number are looking for work after being laid off. China’s northeast is reeling from the impact of zombie enterprises, debt-laden companies who have let overcapacity run amok and are now facing massive layoffs. Consequently, the region is …read more
Source: Victims of Communism