For China, the specter of unemployment constantly stalks the corridors of power in Beijing.
Premier Li Keqiang has articulated the threat it poses to social stability after a series of high-level meetings during the past two months.
With millions of small businesses in the world’s second-largest economy struggling to pick up the pieces after being crippled by the Covid-19 pandemic, the warning signs are obvious.
“No job means no income and no wealth creation. Every effort must be made to prevent massive lay-offs,” Li has told successive executive meetings of the State Council. Read More…