China has already rolled out tax cuts and trillions of yuan worth emergency funds to help hard-hit small businesses, which employ the majority of China’s workforce. Photo: EPA-EFE China has already rolled out tax cuts and trillions of yuan worth emergency funds to help hard-hit small businesses, which employ the majority of China’s workforce. Photo: EPA-EFE
China has already rolled out tax cuts and trillions of yuan worth emergency funds to help hard-hit small businesses, which employ the majority of China’s workforce. Photo: EPA-EFE

Coronavirus: China unemployment rate rose more than during US trade war

  • China’s unemployment rate jumped to 6.2 per cent for January and February from 5.2 per cent in December and 5.3 per cent a year earlier
  • The month-on-month increase is larger than the gain over the previous 18 months, but it does not include most migrant workers who have been hit hard by the outbreak

Topic |   Coronavirus pandemic
China has already rolled out tax cuts and trillions of yuan worth emergency funds to help hard-hit small businesses, which employ the majority of China’s workforce. Photo: EPA-EFE China has already rolled out tax cuts and trillions of yuan worth emergency funds to help hard-hit small businesses, which employ the majority of China’s workforce. Photo: EPA-EFE
China has already rolled out tax cuts and trillions of yuan worth emergency funds to help hard-hit small businesses, which employ the majority of China’s workforce. Photo: EPA-EFE
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