Chinese authorities have started to crack down on zombie firms, firms that mostly exist in name. A good sign, writes financial analyst Sara Hsu in the Diplomat, but there might be huge differences between provinces, she warns, as the government also wants to avoid job losses.Read More →
China and especially Foxconn has been taking the lead in replacing labor by robots in manufacturing. Especially for the low-income jobs that might be bad news, says financial analyst Sara Hsu in the Diplomat. Job creating in the right sector is not going fast enough.Read More →
China´s country-side has a generation of left-behind children, children who grew up while their parents worked in the big cities, some with their grandparents, some even alone. Author Zhang Lijia visited four-year old Diandian, who lives with his grandparents and writes up his story at her weblog.Read More →
Economist Arthur Kroeber might have been an acknowledged bull on China´s economy in the past, now, for 2016 he expects things to turn worse than they are already, as the heavy industry is expected to shed 7 million jobs, he tells at NPR.Read More →
Economist Arthur Kroeber, previously an acknowledged bull on China, turns even bearish when he looks at the prospects for 2016. In Market Place he predicts “A turning point for the worse”.Read More →
While the government is fearfully watching China´s number of jobless, the official figures have very little meaning, says financial analyst Sara Hsu at the Deutsche Welle. “We do not even know the labor force participation rate, which is essential in calculating the unemployment rate.”Read More →
Graduates have this year a hard time to find good jobs, even in a labor market that shows huge shortages in other parts. High quality jobs are hard to get in China, tells associate professor Victor Shih in the New York Times.Read More →
China is trying to employ this year 7.5 million graduates, and while getting a job is not as hard as a few years ago, high-profile politicians have encouraged them to start their own companies. Financial analyst Sara Hsu wonders in the Diplomat whether that will work, even with help from the government.Read More →
For centuries the world has been hoping China would become a buyer of (their) consumption products. Now this has been the official line of the central government and financial analyst Sara Hsu looks how successful the push has been from investment to consumption in the Diplomat. Good jobs are key, she argues.Read More →
China´s economy entered a downward trend in February. And while a lower economic growth might still be alright, the real danger lies in a weaker labor market and pressure on social stability, says business analyst Shaun Rein in the Voice of America.Read More →
China is ahead of Europe and the US in creating ´green´ jobs, but environmental enforcement is still lagging, writes economic analyst Sara Hsu in Triple Crisis. Critical failures make big parts of the country uninhabitable. Sara Hsu: China continues to lag behind in some critical ways. While environmental law enforcementRead More →
Yahoo has announced it will close its remaining Beijing R&D facility. A move that only makes sense, given the poor shape the former internet giant is in now, tells business analyst Shaun Rein in Livemint. 300 People are going to lose their jobs.Read More →