By editor
Originally published on Fri October 5, 2012 3:09 pm
Ask an economist like Eswar Prasad, who used to work at the International Monetary Fund, "So, do you know, what the unemployment rate in China is?"
And he'll answer, "We don't."
The official unemployment rate, put out by the government, Prasad says, is 6.5 percent, but according to him, "that number has no credibility at all."
He's not the only dubious one.
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