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
Topic |   China economy

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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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