China added 7.25 million jobs to the job market in the first half of the year, Reuters reported, citing a Tuesday report from state-run news agency Xinhua. Yin Weimin, minister of human resources and social security, said that the service sector would be important in keeping unemployment low, adding that 1% growth in that sector […]
Category: Employment & Education
As China’s economic growth slows so has the annual average wage increase for the country’s migrant workers, Reuters reported. According to figures from the National Bureau of Statistics, the average monthly salary of workers grew 11.8% in 2012 to US$370 (2,290). In contrast, migrant wages rose 21.2% in 2011. Surveys show that the number of […]
Stephen Schwarzman, the chairman of private equity firm Blackstone Group (BX.NYSE), is setting up a US$300 million (RMB1.8 billion) scholarship at China’s Tsinghua University to allow foreign students to study at the school, Bloomberg reported. At a ceremony in Beijing announcing the donation, Schwarzman said that American people have a “frog’s eye view of the world,” […]
Taiwanese electronics manufacturer Foxconn (2038.HKG) said it will introduce democratic elections for labor union representatives in its Chinese factories for the first time, Financial Times reported. Foxconn, employer of the largest number of mainlanders in China’s private sector, will start educating its workers on the voting process after the Chinese New Year break this month. […]
Japanese exports to China fell 14.5% in November, as a newly elected right-wing government in Tokyo pledged to stand up for the country’s territorial rights in the East China Sea, South China Morning Post reported. Exports from Japan to China fell as demand for various products from automobiles to construction equipment sagged, official data showed […]