What are economic challenges of China despite its economic development?
What are economic challenges of China despite its economic development?
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Though the Chinese economy has improved dramatically, still everyone in China has not been benefitted by the reforms which can be judged by the following facts:
1. Unemployment has risen. About 100 million people are looking for jobs.
2. Female employment and conditions are bad as in Europe of 18th and 19th centuries.
3. Increasing environmental degradation and corruption.
4. Rising economic inequality between rural and urban residents.
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