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6 FAQs about [China professional down-]
Are young Chinese coping with China's worst job market in generations?
Adult children returning to the nest is by no means unique to China, and many Chinese do live in extended families. But by some measures, young Chinese are enduring the country’s worst job market in generations, and many are coping by taking refuge with their parents. ◆ Stay up to date with similar stories by signing up to our WhatsApp channel.
What happened to China's tutoring industry before the crackdown?
Before the crackdown, China's for-profit tutoring industry was valued at some $100 billion and its three biggest players employed over 170,000 people. Still, the industry proved resilient, as parents like Michelle Lee, 36, continued to seek tutoring services to give their children a leg-up in China's ultracompetitive education system.
Is China easing regulatory pressure on private tutoring operators?
SHANGHAI/BEIJING, Oct 28 (Reuters) - China is quietly easing regulatory pressure on private tutoring operators as it looks to revive a flagging economy, spurring a nascent revival of a sector hit hard by a government crackdown three years ago, according to industry figures, analysts and data reviewed by Reuters.
Why are Chinese companies clawing back pay?
Some companies are even clawing back pay from previous years to comply with a newly imposed salary cap of 2.9 million yuan. The pressure extends well beyond compensation. As part of the sector crackdown, Xi has told financial regulators to “grow teeth and thorns” and weed out excess and corruption.
Will China's government support the private sector?
As China’s top lawmakers meet this week to lay out this year’s policy priorities – which will include fulfilling the goals set in the 14th five-year plan – promoting the private economy is expected to be a top item on the agenda. But some private sector players are set to benefit more from government support than others.
Will China's economic restructuring change the guard between New and old industries?
While many have focused on the dichotomy between state-owned enterprises (SOEs) and the private sector – especially as many private firms have struggled – the changing of the guard between new and old industries regardless of ownership, some observers argue, has become the main thrust of China’s economic restructuring.