How does China manage to have low unemployment rate? ​

The government would also utilize monetary policy, taxation and fiscal policy to reduce unemployment. Using favorable taxation policy, the government support the unemployed to achieve self-employment or set up their own businesses. Meanwhile, encourage small and medium size companies to absorb the unemployed.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

answer; is usually (less than) the socially optimal level of consumption;