China’s best and brightest still prefer government jobs over joining the private sector, says professor Zhang Juwei, a researcher at the Chinese Academy of Social Sciences’ Institute of Population and Labor Economics to CNN. “The private sector in China is not very well structured or developed.” But government jobs are hard to getRead More →
The wealth gap in China, reflected in the gini coefficient, is moving into dangerous heights, and government action is needed to narrow to divide between rich and poor, says professor Zhang Juwei, director of the labor and social security research center at the Chinese Academy of Social Sciences to the China Daily.Read More →
A fast shrinking labor force, who mostly get a college degree, creates a dramatic shortage of skill labor workers, China used to have plentiful in the past, says Zhang Juwei, director of the Institute of Population and Labor Economics of the Chinese Academy of Social Sciences to Caixin.Read More →
China´s demographic problems might stop its economic development in its tracks, writes author Howard French in the Atlantic. Not only can China not deal with its aging population, “some Chinese experts now say that the country’s economic output may never match that of the U.S..”Read More →
Worldwide corporate executives might earn more than ever before, China is cutting their salaries to reduce the gap between poor and rich. China´s state owned companies (SOE´s) are setting an example, says Zhang Juwei, a research fellow at the Chinese Academy of Social Sciences, at the Global Times.Read More →
Cheap factory labor is phasing out in China, but the country has new assets to offer in terms of labor, says Zhang Juwei, deputy director at the Chinese Academy of Social Science (CASS) in the China Daily. Now, high-qualify labor for a lower price might offer just that opportunity.Read More →
hinese executives of state-owned giants are following their Western counterparts in the salaries they claim from their companies. Wrong, says Zhang Juwei, director at the Chinese Academy of Social Sciences in the China Daily. The government should limit their salaries.Read More →
Even China’s mostly optimistic People’s Daily, the Communist Party newspaper, admits the country has a problem with its demographics, after the results of the latest census appeared. Huge imbalances are China’s largest problem, tells Zhang Juwei in MSNBC, no longer overpopulation.Read More →
China’s economy will face stagnation in the short term because of the ongoing shortage of labor, tells CASS-professor Zhang Juwei state news agency Xinhua in a dispatch about the effect of aging.Read More →
Bill Fischer When you are looking for smart ideas in China, go to Beijing, rather than Shanghai or Guangzhou, writes IMD business professor Bill Fischer of technology management in the Business Times, exploring the strategy for idea hunting. Interested in Web 2.0? Go to Silicon Valley. If you go anywhere else,Read More →
Zhang Juwei More graduates take up jobs that do not require education, while more migrant workers have a college education, tells professor Zhang Juwei of the Academy of Social Sciences in Beijing in PhBeta. “Demand and supply of the labor market are imbalanced. “The largest group of graduates who’ve takenRead More →
Zhang Juwei by Fantake via Flickr Are you already worried about the shortage of labor and its rising costs in China? Zhang Juwei of the Chinese Academy of Social Sciences (CASS) tells Business Week the real labor problems are only developing after 2015. The workforce—those from 15 to 64 years old—willRead More →