Abstract
China's economy is still developing rapidly, but the speed of growth has dropped noticeably; food production has broken historic records, and the trend towards price increases has been brought under control and is clearly dissipating; urban and rural living standard have continued to increase, but the rate of increase in income has slowed down; the employment environment has become harsher, and there have been noticeable problems with migrant workers returning to their villages, as well as with finding employment for new graduates. China has made a major effort to avert this critical situation and expanded its investments in order to guarantee stable, rapid economic and social development. The country is also working to break up the dualistic urban and rural structures in education, medical services, social security, and community services, and so on, and 2008 may thus also mark the year when China's social development entered a new historical stage. Keywords: China's economy; China's social development; employment; investments
Published Version
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