Question

Anybody can explain the inflation and employment situation last 5 years in China?

Answer 1

Let us analyse a few aspects of Chinese economy in the past years . Growth rate has almost halved . China's GDP growth was in leaps and bounds during 2006 to 2013 . After which it started to decline smoothly . At present China is experiencing a gradual downward shift with current rates just meeting expected growth rates or targetted growth rates . Unemployment in China as per official records shows a linear trend , with rising industries , reduction of reliance on exports , improvement of health and education , wealth has increased manifold . Presently after the phase of high growth China has also been able to control inflation to around 2% .