In a potential preview of greater challenges yet to come, labor shortages are materializing in factories across China as young people eschew factory work and increasing numbers of migrant workers stay home, reports the Wall Street Journal. With global demand for Chinese goods surging this year, factory owners say they are struggling to fill jobs […]
Category: Employment & Education
The Chinese cabinet pledged, on Monday, to target unemployment with its fiscal and monetary policies in order to ease pressure on a strained labor market, reports Bloomberg. China still faces relatively large employment pressure during the 14th Five-Year-Plan period which ends in 2025, according to a statement released from the State Council meeting chaired by […]
Rising numbers of private school owners in China have been forced to give their institutions to the state as the fallout from Beijing’s abrupt education overhaul ripples across the country, reported the Financial Times. Over the past three months, city authorities have taken over at least 13 for-profit primary and middle schools as well as […]
Complacency is always a dangerous mental state, and that has been the situation for many people in China with regard to the pandemic over the past year, due to the success of virus control in the early part of 2020. No more. There have more than 500 cases reported in different parts of the country, […]
TikTok owner ByteDance has started lay-offs at its education division as new Chinese government regulations force the world’s most valuable start-up to retrench from a key growth area, reported the Financial Times. The Beijing-based company had invested heavily in its plans for online education, acquiring half a dozen businesses in recent years and announcing plans […]