%0 Generic

%T China's Employment Challenges and Strategies after the WTO Accession

%A Zeng, Douglas Zhihua

%I The World Bank

%K Banks and Banking Reform

%K Debt Markets

%K Economic Theory and Research

%K Employment

%K Employment Generation

%K Employment Growth

%K Employment Situation

%K Finance and Financial Sector Development

%K Financial Literacy

%K Health, Nutrition and Population

%K Jobs

%K Labor

%K Labor Force

%K Labor Market

%K Labor Markets

%K Labor Policies

%K Laid-Off Workers

%K Macroeconomics and Economic Growth

%K Microfinance

%K Population Policies

%K Private Sector

%K Producing Goods

%K Return

%K Social Protections and Labor

%D 2005

%X Although China has made impressive progress in economic development and improving social well-being, it is facing many daunting challenges while transforming toward a knowledge and service-based economy and further opening up to international competition after its WTO accession in the context of knowledge revolution. One of the biggest challenges is how to create 100–300 million new jobs in the coming decade to absorb the millions of laid-offs, rural emigrants, and newly added labor force. China has been successful in building high-technology parks and information and communications technology (ICT) industries, but they are limited in terms of employment generation, while most of the traditional labor-intensive industries are losing competitiveness due to low productivity. To combat the unprecedented employment challenge, China must implement a systemic and sustained strategy, which may consist of the following policy thrusts: encouraging the private sector; promoting small and medium enterprises; expanding the service sector; reforming the state-owned enterprises; strengthening the social security system; improving labor market flexibility; and establishing mass retraining programs. This paper—a product of the Knowledge for Development Division, World Bank Institute—is part of a larger effort in the institute to provide country-focused knowledge services for client countries

%C The World Bank

%C Washington, D.C

%U http://slubdd.de/katalog?TN_libero_mab2