All are competing for jobs in what remains one of the world's fastest-growing major economies, but whose manufacturing-heavy structure is increasingly out of step with the aspirations of itsThe industries most popular among fresh Chinese graduates, such as tech, education, real estate and finance, have all faced regulatoryin recent years. Some of the measures have been rolled back, but business sentiment has been slow to recover: private investment rose only 0.
President Xi Jinping repeatedly exhorted young people to "seek hardships" in a recent state media article emphasising his suffering during the Cultural Revolution. But the message hardly resonates with today's youth who take prosperity for granted. Beijing has urged state-owned enterprises to recruit more graduates and began to expand vocational training schools to fill shortages in advanced manufacturing. Some local governments, including Shanghai, are offering employment subsidies for firms hiring 2023 graduates. Others have gone on aThe service industries at the forefront of China's post-pandemic recovery offer few high-skilled roles.
"Jobs being created are predominantly in areas not requiring higher education, such as catering and tourism."On platforms like Xiaohongshu, China's equivalent of Instagram, some graduates tout the joys of "taking off the" and avoiding China Inc's notorious "996" schedule of working from 9.00 am to 9.00 pm, six days a week.
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