China has to grow 7.2% annually to maintain employment growth

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Source: RTT News
© Scanoix/Reuters
Premier of China Li Keqiang said in conversation with All-China Federation of Trade Unions on October 21, that China's economy has to grow 7.2% a year to create 10 million new working places annually and keep the urban unemployment rate at about 4%. Meanwhile, Chinese service sector activity index advanced to 52.6 compared to 52.4 in September, indicating on sector's expansion.
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Tue, 05 Nov 2013 13:33:05 GMT

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