Comment by janalsncm
3 days ago
In a command economy the unemployment rate can be zero as everyone can be allocated a job. China is not a command economy, it is more like state capitalist which means the government owns/controls companies in key industries.
Companies like Huawei have board members in the CCP but it’s a societal issue if a lot of private companies decide to automate their factories and displace tons of factory workers.
FYI, about 10% of the population in China are party members and you have to be invited, its seen as a good way of getting ahead and building your network. So most board members of most companies are probably party members.