From Sydney Morning Herald:
Vice-Premier Zhang Dejiang warned a week ago that China’s employment situation was “grave” and the country desperately needed proactive job creation policies to lever college graduates into work.
Yet factory bosses all over the country were screaming that they couldn’t find enough workers and their wages bills were going through the roof.
Perhaps Zhang refuses to believe the fact of China’s rapidly tightening labour market because he is a particularly inflexible conservative. In the three years to 1980, when the rest of the country was reversing course towards an open, market-oriented economy, Zhang was studying for his economics degree at Kim Il Sung University in North Korea.
