More than ten thousand graduates attended a recruitment activity in Southwest China’s Chongqing Municipality on November 15th. Influenced by the global financial crisis, the job market is experiencing a cold point.
Chongqing was made into its own municipality in 1997 to jumpstart its development and subsequently China’s relatively poorer western areas.
Chongqing is, by some measures, the world’s largest city and is the world’s fastest growing metropolis.
Every day, migrants add to the local population more than 1,300 people.
Chongqing’s export sector is small due to its inland location. Instead, factories producing local-oriented consumer goods such as processed food, autos, chemicals, textiles, machinery, and electronics are common.
As a testament to its industrial strength, Chongqing is home to Asia’s largest aluminum plant, South West Aluminium.
One of the problems is that the local economy cannot absorb the numbers of graduates that become available each year and therefore special measures including job fairs and seminars are being carried out.
This is helped because recently there has been a drive to move up the value-chain by shifting towards more hi-tech, knowledge-intensive industries. New development zones such as the Chongqing New North Zone (CNNZ) located north of downtown area has been established for this reason.
Source: Jongo News