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Using an input-output method, this paper simulates the impacts of the global financial crisisand the decline of exports on China's economy and employment.With shrinking externaldemand, boosting domestic demand becomes crucial for maintaining economic growth andpromoting employment.Our simulated results indicate that an investment scenario withemployment as a priority can achieve the objective of employment maximization withoutsignificantly reducing growth.Public investment should focus on employment, education,health, housing and social security to rebalance China's economy so that it can realizesustained and stable economic growth.
Using an input-output method, this paper simulates the impacts of the global financial crisisand the decline of exports on China's economy and employment .With shrinking externaldemand, boosting domestic demand becomes crucial for maintaining the economic growth andpromoting employment.Our simulated results indicate that an investment scenario withemployment as a priority can achieve the objective of employment maximization withoutsignificantly reduce growth. Public investment should focus on employment, education, health, housing and social security to rebalance China's economy so that it can realizesustained and stable economic growth.