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China: Economy's focus should now be on creating jobs

China is at a crossroads. It has to choose between rapid economic growth and rapid job creation, for employment, or the lack of it, is now at the center of the deepening global economic crises. More than 25 million migrant workers are seeking employment (or re-employment) and 7 million graduates are expected to enter the already saturated job market this year. This should give an indication of the magnitude of the problem the country is facing.
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