China’s best and brightest still prefer government jobs over joining the private sector, says professor Zhang Juwei, a researcher at the Chinese Academy of Social Sciences’ Institute of Population and Labor Economics to CNN. “The private sector in China is not very well structured or developed.” But government jobs are hard to get
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The wealth gap in China, reflected in the gini coefficient, is moving into dangerous heights, and government action is needed to narrow to divide between rich and poor, says professor Zhang Juwei, director of the labor and social security research center at the Chinese Academy of Social Sciences to the China Daily.
A fast shrinking labor force, who mostly get a college degree, creates a dramatic shortage of skill labor workers, China used to have plentiful in the past, says Zhang Juwei, director of the Institute of Population and Labor Economics of the Chinese Academy of Social Sciences to Caixin.
China will count 1.41 billion people by 2015 and then drop, says Zhang Juwei, an eminent researcher of demografic trends at the Chinese Academy of Social Sciences in Yibada. His estimations are part of the next 5-year plan. Despite shortages “Labor supply will remain robust till 2030”, he added.
Against the global trend, China is capping the salaries of the leaders of its major state-owned companies. A good idea, says Zhang Juwei of the Chinnese Academy of Social Sciences (CASS) in the Global Times, and in the long run beneficial for the quality of those firms.
Worldwide corporate executives might earn more than ever before, China is cutting their salaries to reduce the gap between poor and rich. China´s state owned companies (SOE´s) are setting an example, says Zhang Juwei, a research fellow at the Chinese Academy of Social Sciences, at the Global Times.
While slowly the private companies are gaining strength, job seekers in China prefer the civil service over a corporate career, tells Zhang Juwei of the Chinese Academy of Social Sciences’ Institute of Population and Labor Economics at CNN. And that might not change very fast.
Cheap factory labor is phasing out in China, but the country has new assets to offer in terms of labor, says Zhang Juwei, deputy director at the Chinese Academy of Social Science (CASS) in the China Daily. Now, high-qualify labor for a lower price might offer just that opportunity.
hinese executives of state-owned giants are following their Western counterparts in the salaries they claim from their companies. Wrong, says Zhang Juwei, director at the Chinese Academy of Social Sciences in the China Daily. The government should limit their salaries.
Even China’s mostly optimistic People’s Daily, the Communist Party newspaper, admits the country has a problem with its demographics, after the results of the latest census appeared. Huge imbalances are China’s largest problem, tells Zhang Juwei in MSNBC, no longer overpopulation.