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Three talent hotbeds take form in China

Author  :  Zhang Yixin     Source  :    Chinese Social Sciences Today     2019-12-31

The China Labor Market Development Report 2019, compiled by the Center for Labor Market Studies at Beijing Normal University, was released in Beijing on Dec. 15.

Lai Desheng, deputy director of the Department of Social and Ecological Civilization at the Party School of the CPC Central Committee, said that China’s labor market is closely related to changes in the international economic and trade environment. While China is affected by the international economy it also actively participates in globalization. In the future, the country will continue to open wider to the outside world. It is of great practical significance to research adjustments to the labor market in the process of comprehensive opening up, Lai said.

The Report conducts a comprehensive analysis on such aspects as the new situation of economic globalization, new changes in the outside economic environment, the impact on China’s labor market, and labor market policy for dealing with these changes.

Cai Hongbo, vice dean of the Business School at Beijing Normal University, said that in general, China’s current employment pressure can be controlled. Three big hotbeds of talent are being formed, including the Beijing-Tianjin-Hebei Region with its coordinated development, the Yangtze River Delta Region with its lead in finance, and the Guangdong-Hong Kong-Macao Greater Bay Area with its innovation in science and technology.

According to data since 2000, China’s labor force output has shown overall growth, and the input from certified employees has increased. The sources and destinations of overseas students in China have diversified, and their willingness to work in China has strengthened, Cai said.

The Report also suggests promoting supply-side structural reform, taking measures to expand employment channels, and setting up employment platforms, thereby achieving the macroeconomic growth target of full employment.

Editor: Yu Hui

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