China needs to create 15 million jobs every year
CHINA'S VULNERABILITY. BOYCOTT WILL KILL THEIR ECONOMY @AJENews https://t.co/47qSqWjn3X
CHINA'S VULNERABILITY. BOYCOTT WILL KILL THEIR ECONOMY @AJENews https://t.co/47qSqWjn3X
Below is a list highlighting 15 of China’s top trading partners in terms of export sales. That is, these countries imported the most Chinese shipments by dollar value during 2016. Also shown is each import country’s percentage of total Chinese exports. From WorldExports.com
The strategic situation is that most of China's export destinations are allies of or close to the US or potentially hostile to China: Japan, Germany, India, Vietnam, Netherlands, UK,Taiwan, Australia. A trade boycott, even by the US alone, and a blockade in the Indian Ocean and Malacca Strait, would bring China down to its knees without firing a shot.
http://www.worldstopexports.com/chinas-top-import-partners/
United States: US$388.1 billion (18.3% of total Chinese exports)
Hong Kong: $292.2 billion (13.8%)
Japan: $129.5 billion (6.1%)
South Korea: $94.7 billion (4.5%)
Germany: $65.8 billion (3.1%)
Vietnam: $61.6 billion (2.9%)
India: $58.9 billion (2.8%)
Netherlands: $57.7 billion (2.7%)
United Kingdom: $56.3 billion (2.7%)
Singapore: $45.8 billion (2.2%)
Taiwan: $40.4 billion (1.9%)
Malaysia: $38.5 billion (1.8%)
Thailand: $37.7 billion (1.8%)
Australia: $37.6 billion (1.8%)
Russia: $37.5 billion (1.8%)
World Exports | World Exports
WORLDEXPORTS.COM
United States: US$388.1 billion (18.3% of total Chinese exports)
Hong Kong: $292.2 billion (13.8%)
Japan: $129.5 billion (6.1%)
South Korea: $94.7 billion (4.5%)
Germany: $65.8 billion (3.1%)
Vietnam: $61.6 billion (2.9%)
India: $58.9 billion (2.8%)
Netherlands: $57.7 billion (2.7%)
United Kingdom: $56.3 billion (2.7%)
Singapore: $45.8 billion (2.2%)
Taiwan: $40.4 billion (1.9%)
Malaysia: $38.5 billion (1.8%)
Thailand: $37.7 billion (1.8%)
Australia: $37.6 billion (1.8%)
Russia: $37.5 billion (1.8%)
World Exports | World Exports
WORLDEXPORTS.COM
The strategic situation is that most of China's export destinations are allies of or close to the US or potentially hostile to China: Japan, Germany, India, Vietnam, Netherlands, UK,Taiwan, Australia. A trade boycott, even by the US alone, and a blockade in the Indian Ocean and Malacca Strait, would bring China down to its knees without firing a shot.
![Congress of the Communist Party of China [Damir Sagolj/Reuters]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uSeMOggfAXagZfnpTwUqXf_P4yZZR0keAe_82aJVQONUB0XOYEK1a16U168Q1QBJ_NfHQ6MroOyT48hCB-a0hPR8-8wzka-4o7WV_bN1i8i7lFD3gw1Lbh6Ef40M8pRfXjaUs34dbFg96XvTqNlnD-eSH6agWYUqGPdN2NC50NR53qD7Zsy9XFNGnx-v3n75WbIIUTDkCtNMIj4Q=s0-d "China needs to create 15 million jobs every year")
China needs to create jobs for 15 million people every year and will maintain support for entrepreneurship to help achieve this, the country’s labour minister said on Sunday.
The overall pressure on employment is still very large, head of China’s Ministry of Human Resources and Social Security, Yin Weimin, told reporters, singling out recent university graduates as one group in need of more job creation.
China is confident that it can maintain a stable employment situation despite these challenges, Yin said.
According to the World Bank, China’s 2016 unemployment figures were up by 0.02 from 4.585.
In the last 30 years, China has enjoyed unprecedented economic prosperity with 700 million people lifted out of poverty. The government said it has plans in place to add another 40 million in the coming three years.
SOURCE: REUTERS NEWS AGENCY
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