China’s job market is experiencing a temporary low employment rate amid a probable new economic cycle. Economists warn that without robust GDP growth, young people will find it harder to get jobs, especially amid company downsizing and investment withdrawals. Unlike the job diversity that resulted from the economic prosperity of the past three decades, today’s job seekers face harsh realities. Limited job openings, long working hours and intense competition in the Chinese mainland are prompting more younger people to look overseas, where an eight-hour day can be guaranteed and the work environments are better. Experts emphasize the importance of understanding market needs as a prerequisite for job creation.
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