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China's Labor Challenges
June 25, 2012 | Contribution by CAI FANG

Cai Fang is the Director of the Institute of Population and Labor Economics, Chinese Academy of Social Sciences. He was interviewed by the JKP on March 13, 2012
 
For China, one of the fastest growing economies in the world, a huge challenge is balancing growth between the booming coastal areas and the inland areas. We spoke about this and China's labor market with Cai Fang, Professor and Director of the Institute of Population Economics at the Chinese Academy of Social Sciences - and one of China's most influential economists. He described how efforts to balance growth are affecting China's huge migrant worker population, which typically lacks the formal employment contracts enjoyed by urban workers. He also stressed the need to find jobs for 6 million new university graduates each year.

 

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