China is waiting for a “complex and serious” situation in the labor market, since Beijing and Shanghai, the two most important cities of the country, tightened the anti -like restrictions with which the Chinese government is trying to restrain new outbreaks of incidence in the country. This was reported by Bloomberg with reference to the statement of Chinese Prime Minister Lee Catsyan.
The official instructed the regional authorities to take measures that will allow you to save jobs and survive current difficulties. “Employment stabilization is important for people’s life support, it is also a key support for the economy within reasonable limits,” China prime minister said, urging the enterprises to resume production, observing the covy restrictions.
As Bloomberg writes with reference to the National Statistics Bureau, the unemployment rate in China reached 5.8% in March, this is the highest indicator since May 2020, when the incidence of Covid-19 grew around the world.
Hard quarantine measures in two most important cities in China and other places already put pressure on the second largest economy of the world, violating the global supply chain and increasing inflation risks.