Tag: Hiring and Promotion

What Hefei, China’s EV City, Says About the State of the Economy

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Ultramodern factories churn out electric cars and solar panels in Hefei, an industrial center in the heart of central China. Broad avenues link office towers and landscaped parks. Subway lines open at a brisk pace. Yet at Hefei’s market for construction materials, which fills 10 city blocks, local merchants are gloomy. Wu Junlin, a vendor of doors, has closed two of his three stores and laid off all but one of his dozen employees. “I have been doing this for 20 years — after all these years, this year is…

Why Volkswagen Is Hiring 3,000 Engineers in China

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A bright orange robot, 10 feet tall, looms over Volkswagen’s new electric car assembly line in central China. It was imported from Germany. The factory’s other 1,074 robots were made in Shanghai. Volkswagen used to import shock absorbers from Central Europe for cars it makes at Chinese factories. Now it buys them from a company in China for 40 percent less. After relying for decades on engineers in Germany to design cars for the Chinese market, Volkswagen has begun hiring for a team of nearly 3,000 Chinese engineers, which will…

China Suspends Youth Unemployment Report

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The Chinese government, facing an expected seventh consecutive monthly increase in youth unemployment, said Tuesday that it had instead suspended release of the information. The unemployment rate among 16- to 24-year-olds in urban areas hit 21.3 percent, a record, in June and has risen every month this year. It was widely forecast by economists to have climbed further last month. The decision to scrub a widely-watched report could exacerbate the concerns expressed by investors and executives who say ever tightening government control of information is making it harder to do…

As China’s Youth Unemployment Soars, Pressure on Colleges Grows

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At this year’s commencement ceremony for the Chongqing Metropolitan College of Science and Technology in southwestern China, the graduating class did not receive the usual lofty message to pursue their dreams. Instead, they were dealt a harsh dose of reality. “You must not aim too high or be picky about work,” said Huang Zongming, the college’s president, to more than 9,000 graduates in June. “The opportunities are fleeting.” A record number of Chinese college graduates are entering the job market, exacerbating an already bleak employment outlook for the country’s young…

Chinese Workers Confront the Curse of 35

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When Sean Liang turned 30, he started thinking of the Curse of 35 — the widespread belief in China that white-collar workers like him confront unavoidable job insecurity after they hit that age. In the eyes of employers, the Curse goes, they’re more expensive than new graduates and not as willing to work overtime. Mr. Liang, now 38, is a technology support professional turned personal trainer. He has been unemployed for much of the past three years, partly because of the pandemic and China’s sagging economy. But he believes the…

China’s Youth Unemployment Crisis: 1 in 5 Are Out of Work

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Shu Xiang, 21, started looking for a job in February and still has had no luck. A financial management major at a college in Chengdu, China, Ms. Shu said she has received five responses to about 100 applications. Graduation is in a few weeks. “I’m not so confident about finding a job,” she said. The only thing that makes her feel less anxious, she said, is knowing she’s not alone — most of her classmates were facing similar problems. Ms. Shu is one of nearly 12 million Chinese expected to…