China’s state sector came to the rescue in the 2008 financial crisis to ensure that employment levels were maintained even as global trade was collapsing. Photo: AFP
China’s state sector came to the rescue in the 2008 financial crisis to ensure that employment levels were maintained even as global trade was collapsing. Photo: AFP

Can China count on its SOEs to boost ailing employment amid US-China trade war?

  • China’s state-owned enterprises came to the rescue in the 2008 financial crisis to ensure that employment levels were maintained even as global trade was collapsing
  • Salary cuts and lay-offs are on the rise in manufacturing and technology-related industries, but China wants to create 11 million new urban jobs this year

China’s state sector came to the rescue in the 2008 financial crisis to ensure that employment levels were maintained even as global trade was collapsing. Photo: AFP
China’s state sector came to the rescue in the 2008 financial crisis to ensure that employment levels were maintained even as global trade was collapsing. Photo: AFP
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