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China on the verge of unemployment explosionQuicklink Submitted By Sheila Samples 1 comment
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| China's underdeveloped service sector cannot absorb the unemployed. Only 32.4 percent of the workforce is employed in service industries?15-20 percent below the global average, due to the country's vast rural population and low income levels. China's dependency on manufacturing means that without exports, the country faces falling prices, swelling inventories and rising factory closures. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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