Topic
China has always placed a high priority on support for the jobs market, seeing a high level of employment as connected to overall social stability. In addition, the working element of the country’s 1.4 billion population is a key for driving economic growth. A major concern for Beijing is ensuring employment for the rising number of fresh university and college graduates who enter the work force every year, as well as the rising number of retires who need to be supported via the pension fund by those in employment. China provides an official surveyed unemployment rate for urban workers, although it is seen by some as being unrepresentative of the overall employment situation, as it does not include most of China’s 149 million self-employed business owners and nearly 300 million migrant workers.
The flow of domestic migrants is increasingly moving in the direction of the Greater Bay Area, the Yangtze River Delta and a handful of local economic hubs.
Foreigners who endured three years of Covid-19 lockdowns are now leaving, blaming increasing wariness and even hostility towards them
Despite all the challenges it faced, Beijing recorded growth of 5.2 per cent last year and, by continuing on an innovative path, long-term prospects appear good.
As China’s economy faces increasing headwinds, it is becoming difficult to justify a massive bureaucratic system.
- The contract is expected to benefit the 3.8 million truck drivers on Logory Logistics’ digital freight-transport network
- This marks the domestic freight transport industry’s first attempt to cover truckers’ rights on a nationwide scale
A South Korean university is launching a new associate degree programme exclusively for international students as it battles labour and population issues, with some also faced by China.
Around 30 people were laid off after Kuaishou Technology disbanded its video gaming studio in Beijing.
Creating enough jobs for its young people remains a daunting challenge for Beijing, with the key private sector struggling to shake off scars of the coronavirus pandemic.
Mainland China’s tech sector is bracing for a new round of job cuts at Ericsson, Tesla, Amazon.com and Intel.
Richard Liu Qiangdong’s avatar is expected to host more live-streaming shows in the future, as JD.com touted that its AI-powered virtual streamers cover more than 4,000 brands.
China’s widely watched gross domestic product (GDP) figure beat expectations in the first three months of the year, but retail sales growth dropped in March and property investment fell by 9.5 per cent in the first quarter.
China’s widely watched gross domestic product (GDP) figure beat expectations in the first quarter after rising by 5.3 per cent year on year despite ongoing challenges.
Ahead of China’s quarterly GDP release, survey figures reflect how difficult times have been for half a billion Chinese people, and where their priorities now lie.
Study finds disparity between men and women has grown in China, with researchers seeing the ‘magnitude of the ‘she-cession’, where the Covid-induced economic slowdown disproportionately impacted the female labour force.
A considerate chairman of a chain of retail stores in central China has told employees to take paid time off work if they are feeling sad and need to rest.
China’s 12 national joint-stock banks reported deep salary cuts last year, while 10 lenders also demanded employees return performance-based bonuses, amid Beijing’s ongoing efforts to reshape the financial industry.
Many younger Chinese are beleaguered by high expectations, extreme academic competition and bleak work and lifestyle prospects.
The increased bonus programme shows the lengths taken by TikTok owner ByteDance to retain and attract talent, even as the company continues to restructure its operations this year.
That expansion shows how short video and live-streaming campaigns have boosted online retail sales on the mainland.
E-commerce logistics giant Cainiao will launch an ‘entrepreneurship incentive plan’ that will double the bonus pool allocated for its financial year ending March 31, 2025.
Young jobseekers in China are grappling with disillusionment within the grim employment market, while Beijing is eager to maintain social stability and boost consumption.
ByteDance’s website listed more than 320 generative artificial intelligence-related job openings as of Tuesday, up from 307 vacancies posted a month earlier.
ByteDance, owner of hit short video app TikTok, is cutting jobs at its enterprise collaboration unit Feishu, affecting about 1,000 employees, according to a person familiar with the matter.
China’s state health insurance system regulator plays down concerns over a fall in the number of participants in the voluntary urban and rural residents’ scheme.
A former central bank adviser says China’s 1 trillion yuan (US$139 billion) of ultra-long term special bonds should be used to improve services for migrant workers as it seeks to boost consumption to drive its economy.
Just months old, the Beijing Humanoid Robot Innovation Centre says it will release a humanoid robot body soon, but core components still appear out of reach amid its tech war with the US.
As Beijing tries to invigorate the economy, on-the-ground reactions suggest more government spending is needed to stabilise demand and restore shattered confidence in hard-hit industries.
Analysts expect China’s economic recovery to continue over the coming months thanks to the increase in policy support following the release of combined data for January and February on Monday.
While analysts are optimistic about the return of international students to China, many prospective and former students report dwindling enthusiasm for Chinese universities.
China’s manufacturing and consumption gradually rebounded in the first two months of the year, and investment growth and industrial output beat market expectations, but the property market continued to drag.
In Beijing’s bid to realise ambitious economic growth goals for this year, steps are being taken to ensure local-level authorities are pulling their weight and not making matters worse for struggling businesses.
