CPI receded from 13.7 per cent in August 2008 to 3.2 per cent in September 2010, at the same time growth slowed somewhat, never quite recovering from the recession, while unemployment increased to over 25 per cent.
Exchange rate floating helped upgrade the export model from simple processing to deep and intensive processing, extended the production chain, and improved division of labor, ultimately contributing to higher employment. According to the NBS, total employment increased by 16.55 million during the period from 2006 to 2008.