China Economy

By Anonymous

 

image title: Steel production in Chinaimage title: Chinese agriculture

Economic Background

Most jobs in China are service industries. Service industries create about half of China's GPD. The service jobs include banking, finance, communication, education, health care, insurance, recreation, trade, and transportation. Agriculture is the top service job in China with about a quarter of it's nations workers. The national government has the most control over China's economy.  Manufacturing and mining make up most of China's GPD meaning they are the leading financial center/parts of the country. 

Coronavirus Impact on economy

China is encouraging online hiring for people that have lost their jobs due to COVID-19. China is also saying they will maintain a stable economy by helping small companies and make sure everyone has a stabilized job to rely on. They said about 8.74 million people were looking to find jobs due to the impact of the coronavirus.

Citations

Edmonds, Richard Louis. "China." World Book Student, World Book, 2020,

www.worldbookonline.com/student/article?id=ar111400. 


"China stresses stable job market amid coronavirus outbreak." Xinhua News Agency, 19 Feb. 2020. Gale OneFile: High School Edition, https://link.gale.com/apps/doc/A614140974/STOM?u=tel_s_tsla&sid=STOM&xid=8d725756.

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