China's economic restructuring to help reduce structural unemployment: economist

China's economic restructuring to help reduce structural¹ unemployment: economist²

 SINGAPORE, Nov. 6 (Xinhua) -- China's ongoing³ economic restructuring may help cut its structural unemployment, said Song Li, an economist with China's National Development and Reform Commission (NDRC).

Speaking at the 7th China-Singapore Forum⁴ in Singapore on Tuesday, Song said both the economic restructuring and the adjustment in the education system are expected to help alleviate⁵ the structural unemployment.

Some of students are expected to favor technical education rather than universities, if they see that it is easier for students of technical education to find jobs than it is for than graduates, he said.

Song, who is the deputy director of the Institute of Economics Research, the Academy of Macroeconomic Research, the NDRC, said that a recent survey with employers also showed that the demand for graduates are increasing, while the demand for cheap labor⁶ is decreasing.

Nevertheless, he said, "it will take time (for the technical education to be favored by more students)."

China added 10.24 million jobs in the first three quarters of the year, which is more than the full-year forecast. But the country has been experiencing a shortage of cheap labor in the recent several years, pushing up the wages for low-skilled jobs. Meanwhile, some of the students with degrees find it difficult to find the jobs they want.

Song also said that some of the industries that on highly dependent on cheap labor are moving from China's coastal⁷ areas to places like Southeast Asia as the cost of labor and other factors rise.

But this does not have a material impact on the employment in China, which is still facing a shortage of cheap labor, he said.

Song also said that China has a larger capacity to absorb a moderate slowdown in economy with the partly tight labor market.

The China-Singapore Forum is jointly⁸ organized by the East Asian Institute, a unit of the National University of Singapore, and the Chinese People's Institute for Foreign Affairs. The participants include several former ambassadors of China and Singapore and scholars.

The economists⁹ said that they are confident of China making a successful economic transition with increasing domestic demand and the ongoing unprecedented¹⁰ mass urbanization in China.

"Actually the Chinese economy is still in its adolescence," said Tan Khee Giap, chair of the Singapore National Committee for Pacific Economic Cooperation.

1 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

2 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

3 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

4 forum   

n.论坛，讨论会

参考例句：

• They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
• The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。

5 alleviate   

v.减轻，缓和，缓解(痛苦等)

参考例句：

• The doctor gave her an injection to alleviate the pain.医生给她注射以减轻疼痛。
• Nothing could alleviate his distress.什么都不能减轻他的痛苦。

6 labor   

n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦

参考例句：

• We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
• He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。

7 coastal   

adj.海岸的，沿海的，沿岸的

参考例句：

• The ocean waves are slowly eating away the coastal rocks.大海的波浪慢慢地侵蚀着岸边的岩石。
• This country will fortify the coastal areas.该国将加强沿海地区的防御。

8 jointly   

ad.联合地，共同地

参考例句：

• Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
• She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。

9 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

10 unprecedented   

adj.无前例的，新奇的

参考例句：

• The air crash caused an unprecedented number of deaths.这次空难的死亡人数是空前的。
• A flood of this sort is really unprecedented.这样大的洪水真是十年九不遇。