BEIJING: China warned Thursday it was facing serious unemployment
problems because of the global economic crisis, amid signs it was
increasingly concerned about social tensions across the country.
“Currently, the employment situation is
critical, and this impact [of the financial crisis] is still
unfolding,” Yin Weimin, China’s social security minister, told
reporters in response to a question on recent labor unrest.
HONG KONG: Is it more painful to see the value of your fund
disappear as the global economy crumbles, or for another man to
punch you as hard as he can in the face?
