The Case of the Unchanging Unemployment Rate
(Beijing) – The urban unemployment rate announced by the government has remained at 4.1 percent from the start of 2010 to June 30. Even during the worst of the global financial crisis in 2009, the figure climbed to only 4.3 percent.
When I talk to government officials and scholars, they unintentionally reveal the importance they attach to the statistic. But the fact the figure barely changes is a sign its accuracy can be doubted. Unfortunately, this is true of many statistics released by government agencies in China.
- Great Wall Motor Hit Cruise Control in 2012
- In Thursday's Papers: Guangdong Finds 31 Batches of Tainted Rice, No One Held Accountable for Bad Convictions
- What Xi's Travel Itinerary Says about China's Foreign Policy
- Closer Look: Can an Online Price Index Replace CPI?
- Alibaba Subsidiary Lets SMEs Hedge against Yuan Fluctuations
- JF-17s Escort Li
- Problems Listed in Audit Reports Were Seen Before
- Progress on SOEs Means Answering Political Questions
- Risks in Financing Platforms Pose a Challenge, CBRC Says
- Lean In
- Sign up to receive our free daily newsletter
- Too Big To Fail Is Bigger than Ever
- Why Foxconn's Switch to Robots Hasn't Been Automatic
- Marriage, Sex and Character
- Playing the Long Game
- The Real Reason the Stock Market Is Slumping
- Teams to Draft Reform Topics for Party Congress Set up
- China's Open Source Hardware Movement
- Errors of Aggression Catch up with Underwriter
- Alibaba Intending to Dig Deep for E-commerce Gold
- The Time for Rate Reform Is Now