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I believe the issue is that China has tens of millions of people migrating to cities from the country side so it is critical the economy grows to absorb and cre
by lefstathiou 7y ago
I believe the issue is that China has tens of millions of people migrating to cities from the country side so it is critical the economy grows to absorb and create jobs for them.
So for example, if the population of a city grows at 9% and the economy grows at 6% your unemployment rate could grow by 3% and that’s not good (being simplistic here). Also inflationary issues could start to kick in as the price of goods may rise at a faster rate.