China has already created 7 million jobs this year

For most nations employment data takes center stage — not so in China. On Monday the nation’s statistics agency, the NBS, quietly released its June quarter unemployment report with most of the detail, unsurprisingly, reflective of a strong, robust economy. In the six months to June urban employment, akin to non-farm payrolls, surged by more than seven million — reflecting more than 70% of the 10 million jobs target set by the government for calendar year 2015. According to the Shanghai Dai...