{"id":116230,"date":"2023-08-21T07:05:47","date_gmt":"2023-08-21T04:05:47","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/cant-sleep-at-night-chinas-youth-worry-about-tough-job-market\/"},"modified":"2023-08-21T07:05:47","modified_gmt":"2023-08-21T04:05:47","slug":"cant-sleep-at-night-chinas-youth-worry-about-tough-job-market","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/cant-sleep-at-night-chinas-youth-worry-about-tough-job-market\/","title":{"rendered":"\u2018Can\u2019t sleep at night\u2019: China\u2019s youth worry about tough job market"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/116230\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Freshly graduated psychology major Zhang has failed to find a job in her chosen field of market research despite sending out thousands of CVs to Chinese employers. The months-long search has taken an emotional toll on the 23-year-old, who had ironically conducted a survey on jobseeking anxiety as part of her university studies. \u201cAfter graduating, I\u2019ve found that the pressure is really huge,\u201d she told AFP at a recruitment fair in Beijing this weekend, declining to provide her full name for fear of repercussions. \u201cFor every ten resumes I send out I get one response,\u201d she said. Zhang is one of millions of graduates entering China\u2019s job market at a time of soaring youth unemployment. Recently, the figure has hit a record every month, with 21.3 percent of people aged 16 to 24 jobless in June.<\/p>\n<p>Authorities on Tuesday abruptly said they would stop publishing age-related employment data, prompting public scepticism and concern over youth joblessness in the world\u2019s second-largest economy. At career fairs in Beijing this week, attendees described a challenging landscape for inexperienced candidates hoping to land their first or second jobs. Yang Yao, an unemployed 21-year-old with experience in media, was disappointed after browsing advertisements at a fair in central Beijing on Thursday where employers mostly sought staff for low-paying sales and administrative positions.<\/p>\n<p>He had quit his previous job in eastern China\u2019s Zhejiang province to move closer to his family in Beijing, and was now wracked with anxiety about his prospects after a fruitless few weeks of searching. \u201cEvery night I find myself worrying, what if I can\u2019t find a job what will I do about living costs? And I can\u2019t sleep at night,\u201d he told AFP. China has released a raft of indicators in recent months pointing to a slowdown in the country\u2019s post-Covid economic rebound, with weak consumer demand making firms reluctant to hire. \u201cRecent activity data generally came on the weaker side, suggesting that the recovery is stalling,\u201d Jing Liu, Greater China chief economist at HSBC wrote in a note this week. \u201cThis has been reflected by the labour market data,\u201d she added.<\/p>\n<p>Xie Wei, a 39-year-old hiring manager at a telecommunications services firm, told AFP that companies that had survived three years of disruption during China\u2019s zero-Covid pandemic restrictions were now more selective when taking on new employees. The companies that have bounced back \u201cwill pick a direction, and this direction is first of all that the company must survive,\u201d he said. He also said he felt that young workers, especially those born after the mid-1990s, \u201care lacking psychological pressure, so they might be lazier\u201d \u2014 echoing the government\u2019s stance that the youth should be willing to endure hardship.<\/p>\n<p>However, Li Xiangyang, a 26-year-old former social media manager looking for a new job, said that &#8216;maybe in terms of promoting employment we are somewhat lacking&#8217;. \u201cIf you\u2019re in a second or third-tier city\u2026 there would be very few development opportunities in my industry,\u201d he told AFP. \u201cI feel like the policies have not caught up.\u201d China has in recent weeks announced a series of measures to boost consumption, including large-scale festivals and sporting events, as well as an increase in spending on services involving catering and healthcare.<\/p>\n<p>But economists have said the government needs to do more to boost consumers\u2019 and employers\u2019 confidence. In one industry \u2014 insurance \u2014 positions appear to be plentiful, albeit without a guaranteed income. Over a third of the booths at a job fair in northern Beijing on Saturday were taken up by insurance companies hoping to hire new sales representatives, with company staff trawling the premises for promising recruits. \u201cFor insurance representatives, we can always expand our teams, so there is no limit on how many we recruit,\u201d said Yang, an insurance salesperson in her 40s.<\/p>\n<p>After waves of layoffs in other industries like education, \u201crelatively more talent is pouring into this market\u201d, she added. Recruiters at Saturday\u2019s fair showed AFP bank records proving that some teammates had made over a million yuan ($137,300) in half a year, promising limitless wealth from the commission-based jobs.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.digitaljournal.com\/business\/cant-sleep-at-night-chinas-youth-worry-about-tough-job-market\/article\">DJ<\/a> <\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/cant-sleep-at-night-chinas-youth-worry-about-tough-job-market\/\">\u2018Can\u2019t sleep at night\u2019: China\u2019s youth worry about tough job market<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[758,555,915,1561,3785],"class_list":["post-116230","post","type-post","status-publish","format-standard","hentry","category-news","tag-china","tag-csr-news-en","tag-job","tag-market","tag-youth"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/116230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=116230"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/116230\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=116230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=116230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=116230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}