China unemployment situation 'critical': govt
Updated
China's government has described the country's unemployment situation as critical.
Social Security Minister, Yin Weimin, described the unemployment situation as "critical" and said that the impact of the world economic crisis is still unfolding.
The hardest hit areas were the coastal manufacturing strip in the south east where textile and light industry companies are going under.
Mr Yin said the government would provide financial aid to some manufacturing companies to try and reduce the problem.
Officially, China's unemployment rate is four per cent, but it's thought to be a large underestimation because it does not account for hundreds of millions of rural workers.
