China Economy
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What Does China’s Labor Market Really Look Like?

What Does China’s Labor Market Really Look Like? | China Economy | Scoop.it
China’s labor markets are flashing a warning sign, with new job adverts on a leading recruitment website sharply down in April, and job losses in manufacturing spreading to the services sector.
CISCD's insight:

People finding it a little harder to get a job. Also, people more likely to look for jobs online, but online job data shows a big decrease in labour demand. Many chinese companies appear to be hiring new employees at a slower rate.

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CISCD's comment, May 31, 2013 3:39 AM
Labour demand falling in China, but still greater than labour supply
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Perverse advantage

Perverse advantage | China Economy | Scoop.it

CHINA is the workshop to the world. It is the global economy’s most formidable exporter and its largest manufacturer. The explanations for its success range from a...

CISCD's insight:

Subsidies appear to have encouraged excess supply in solar panels and steel, encourage inefficiency, and can lead to unfair competition.

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'Lipstick effect' hits China as economy slows - People's Daily Online

'Lipstick effect' hits China as economy slows - People's Daily Online | China Economy | Scoop.it
'Lipstick effect' hits China as economy slows
People's Daily Online
A figure below 50 indicates a contracting economy.
CISCD's insight:

Possible examples of inferior goods such as movie tickets!

Also, how far away is recession in China?

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China: The Jobs Report

China: The Jobs Report | China Economy | Scoop.it
What’s going on in China’s labor markets? Official data is scarce and in some cases unreliable, so China Real Time has spoken to the experts and compiled the best alternative data.
CISCD's insight:

Excess demand for workers is driving up wages in China.

 

Look how fast the minimum wage is increasing in some Chinese cities!

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