China Has Only 1 Percent of the International Labor Market

Wang Dongjin, vice minister of Labor and Social Security, said that although progress has been made in overseas employment, China‘s overseas work force makes up less than 1 percent of the international labor market, This is surprisingly low in view of China‘s huge population, According to statistics, at the end of 2003, China‘s overseas work force amounted to 525,000 and created foreign exchange earnings of US $2 billion.

China Faces Coal Deficit

China will not launch any more tobacco joint ventures with foreign investors,according to Zhang Benfu,general manager of the China Tobacco lmport and Export(Group)Corp.Zhang states that China will not build any more joint venture cigarette manufacturing,tobacco processing or filter making facilities because the Chinese tobacco market is saturated and its cigarette production capacity is far in excess of demand.