Over the last four decades, China's economy has grown by an average of 10% per year. But now that growth has screeched to a halt.
The numbers, the worst since the country began keeping track, threaten China's status as an economic heavyweight. And crucially, China's strong economy has for years underpinned the political stability of the single-party state.
A prolonged downturn would fray trust between the government and workers, he said, and increase the chance of unrest among those feeling the effects of the outbreak, with pay cuts and job losses.Unemployment stood at 5.9 percent in March, down from 6.2 percent in February, but experts say the real number of jobless people is likely much higher.
"Employment is closely related to people's livelihood, economic development and social stability," Premier Li Keqiang said in a teleconference on epidemic control in March, China's state-run news agency, Xinhua, reported. "We argued a bit, and the company fired me unilaterally. But without any compensation," Xia said in an online chat.Xia said she hasn't been given proof of separation from the company, which is required to apply for new jobs in China. And she said she isn't confident that after her case is settled, which could take months, she'll be able to get back to work right away.
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