50 million Chinese workers tipped to lose their jobs

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Updated January 22, 2009 20:46:29

The global economic downturn is being felt in China where a leading leading academic has warned that 50 million workers might lose their jobs this year. Experts say China's massive stimulus package is unable to address the mass unemployment issue, which could lead to dire social and political consequences. The Chinese government is planning some short term measures to tackle the unemployment problems but experts say China needs to spend its way out of the economic downturn.

Presenter: David Wang
Speakers: Dr Pradeep Taneja, Political economist, University of Melbourne; Professor Heling Shi, Economist, Monash University; Professor Jun Zhang, Director of China's Centre for Economic Studies at Fudan University in Shanghai

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