The restructuring of state-owned enterprises led by Zhu Rongji officially recorded 28 million workers laid off in just six years; in total, about 60 million jobs disappeared from the state sector, including public sector positions. The northeast region was hit hardest, with its share of GDP falling from about 10% to 4.6%.
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多伦多方脸
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Context CONTEXT
Cause
Not recorded yet
This event
SOE restructuring in the 1990s left 28 million workers laid off according to official statistics
1990 · Reported
Effect
Not recorded yet
Includes
1998.06.09
·Official claim
·Importance IV
·China
Coverage of this event COVERAGE