economy - China loses annually two million jobs in manufacturing

Shanghai - China has lost 15 million jobs in manufacturing between 1995 and 2002, when the USA lost two million jobs in the same period, a study of the Conference Board concludes. US-based manufacturers and trade unions often blame China for taken away their jobs, but have very little eye for the larger picture that shows up in this study.
“As its manufacturing productivity accelerates, China is losing jobs in manufacturing – many more than the United States is – and gaining them in services, a pattern that has been playing out in the developed world for many years,” concludes The Conference Board study.
The results are based on a survey of 51,000 companies and part of cooperation between the Conference Board and China’s National Bureau for Statistics.
Matthew Spiegelman, Economist at The Conference Board and co-author of the study, notes: “The U.S. lost 202,000 textile jobs between 1995 and 2002, a tremendous decline by any measure. But China lost far more jobs in this sector –1.8 million. All told, 26 of China’s 38 major industries registered job losses between 1995 and 2002.”
Only three industries do not show a decline in employment but a gain, the study says, electronics and telecommunications (374,0000), garments (160,000) and leathers and furs (129,000). In most of those cases foreign investments had an influence.
The loss of jobs in the state-owned manufacturing was very substantial, twelve million jobs, only compensated by a gain of nine million jobs in the private sector, leading to a net loss of four million jobs.