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China has always been an important country in the world. With its increasing large population, it was determined by other countries that is has a lot of economic potentials. In just one decade and a half, China has transformed itself from a giant that use to live in poverty into a wealthy powerhouse to the world economy. With one-fifth of the world¡¦s population, China is now producing 4% of world merchandise and a proportion of …

…them will enter the labour market. As the reform of the state-owned enterprises continues and the economic restructuring speeds up, it is estimated that the registered unemployment rate will be 3.5%. China is speeding up the development of its economy to create more employment outlets and to deepen labour market reforms. The government is also thinking of building of a social security system that will improve the standards of living among people in the future. (Roy 57)