Warnings sounded over Chinese slowdown
16-12-2008
Chinese government researchers have made further gloomy predictions about the economy, warning of a housing market collapse, unemployment and a rapidly rising income gap that could cause unrest. In its annual report on social stability, the Chinese Academy of Social Sciences says four million migrant workers have already been laid off because of the global economic downturn. It says about a third of new graduates have been unable to find jobs.
