What a Slowing GDP Means for China's Workforce

Most countries would love their economies to grow by 8 percent a year in a recession. But for China, at least, its expected 8-percent GDP growth in 2009 might really sting.

Yes, 8 percent is an impressive figure considering the economic times, but it's still a substantial dip from last year's 13-percent clip.

And that difference could spell dire consequences for China's workforce. One international economist says every percentage-point decline in GDP growth costs China two million jobs. Ouch!