Abstract
This paper outlines the evolution of fiscal and monetary policies in China in conjunction with of labour market developments. It examines employment trends in China since the 1978 Economic Reforms – or “Reform and Opening Up” policies – along with the reorientation of macroeconomic policies in line with the transition from a planned to market economy. The authors argue that the increasing openness of China’s economy has resulted in a shift away from solely focusing on macroeconomic stability to supporting employment objectives as well.