At a Monday Politburo meeting, Chinese Communist leader Xi Jinping acknowledged that the country’s job market is” chaos.”
He gave no indications on how to proceed with their enormous activity, but he did offer the instructions to his employees to generate “full, high-quality employment” by creating “new sources of job growth.”
Xi made exceedingly open remarks following a Politburo” examine program” in Beijing about the tumultuous condition of the Chinese economy. The Socialist government has firmly argued for months that a thundering recovery from the Wuhan coronavirus pandemic was taking place, and that its detractors were spreading subversive propaganda on behalf of hostile Western powers. Just a month ago, Chinese state media reported that, with effective policy changes, the job market had” stable.”
The state-run Global Times in March claimed that there was “high demand for artificial intelligence ( AI ) workers in China, but Xi specifically stated on Monday that AI jobs were n’t appearing as quickly as expected because the industry is maturing for longer than expected.
Xi himself has recently stated that” solid, step- by- step progress” was being made and his subjects simply needed to show a tiny “patience”. Youth unemployment increased to the point where the Communist Party stopped issuing poverty information.
The tyrant sounded a little less enthusiastic on Monday when his target to the Politburo came after Mo Rong, the chairman of a federal think tank called the Chinese Academy of Labor and Social Security, delivered a sarcastic speech on the job market.
” We must constantly promote new fields and establish new employment opportunities,” Xi remarked.
” The lessons of large- value growth should be a process that spawns more, better jobs, and that development should better push employment”, he said. ” We must properly cope with work prejudice, defaults of income and social protection contribution, illegal lay- downs and other chaos”.
Xi claimed that the general public should be taught to hold” right views of employment,” which he allegedly meant meant when he said that Chinese businesspeople should concentrate more on generating employment than making profits.
We need to do an in-depth research to understand why there are work spaces in some sectors. We may begin from solving the problem of a ‘ lack of workers in some positions’, and finally move on to the issue of ‘ some people have no job,'” he advised.
It was difficult to interpret Xi’s remarks as anything other than public relations roll, perhaps directed at China’s younger people, because they were so many vague platitudes. This summer, a record-breaking 11.79 million university graduates will enter the workforce, and they wo n’t be happy to find a shortage of high-paying, high-skilled positions.
Although the Socialist government has a history of using fake data and releasing fresh info, the actual rate may be significantly higher than the official figure, which is 14.7 %. Jobs have reportedly increased over the past quarter, but not much in comparison to the enormous influx of newly graduated university graduates arriving over the summer.
The National Central Bank of China, the People’s Bank of China ( PBOC), released a survey in early May that revealed nearly half of urban residents described the job market as “uncertain.” The people who do have jobs are attempting to reduce debts and build up savings accounts, which prevents the economy from experiencing the surge in consumer spending necessary to resuscitate employment.
Additionally, according to the survey conducted by PBOC, 42 percent of respondents believed the economy was” cooling off” rather than growing. 70 percentage reported their money was stagnant. Only a quarter of respondents stated that they would” spent more” in the coming months.
Young Chinese employment seekers report that after submitting dozens of programs without a single bite, they become disappointed and frustrated. They are acutely aware of the differences between their own struggles and how their parents and grandparents managed to survive in the rapidly expanding modern business.  ,
A growing number of younger people have almost abandoned the employment market and are now “full-time kids” who live with their families and are paid to perform simple household errands for them.
