Seeking Help for China’s Labor Market – Wall Street Journal Report featuring IEMS’ Albert Park
The Wall Street Journal reported that in early-mid 2013, Chinese authorities began to see worrying signs of a possible hiring slowdown, prompting calls for Beijing to more slowly rebalance China’s economy in order to prop-up job growth.
IEMS’Albert Park weighed in on the matter, saying that:
““My sense is that the recovery is slow and there is some slack in labor markets,” said Albert Park, director of the Institute for Emerging Market Studies at Hong Kong University of Science and Technology, “The broader perspective is that they don’t want to pump [up] growth, but if they think there’s a real unemployment problem they will stimulate.””
Read the full article here: Seeking Help — For China’s Labor Market
