Can millions more street vendors save China from a jobs crisis? Beijing appears divided
Sunday, 28 June 2020
(CNN Business)For years, China staked its future on world class manufacturing and new technology. Now, it's having to contemplate a simpler, and older, solution to its looming jobs crisis involving millions more street vendors — and the idea is exposing divisions in Beijing. It began to gain traction last month when Chinese Premier Li Keqiang — the second-highest ranking official in China after President Xi Jinping — praised the city of Chengdu for creating 100,000 jobs overnight by setting up tens of thousands of street stalls, which typically sell food, fresh vegetables, clothes and toys. The government needs to try harder to create new jobs by "breaking through stereotypes," Li said...
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