Economic changes and government policies are driving millions of China’s migrant workers away from the wealthy coastal regions back to the less developed western regions. The trend is a clear sign that a fundamental change to China’s economy is in progress, as a growth model that lifted more than half a billion people out of poverty starts to slow. From the early 1990s onwards, China’s double-digit GDP growth was fueled largely by the cheap labor provided by people leaving their farms in China’s poorer inland provinces to find work in the factories springing up along the coast. Now this has changed.
Why the Germans, winners of the 2014 football World Cup, are so good at the other game the world cares about—business.
Official figures of unemployment in China may not be showing us the reality of joblessness for recent graduates and migrant workers. Recent graduate James Du has been searching for a job for four months in Beijing to no avail. The holder of a master’s degree in finance from Moscow University of Industry and Finance rationalizes: […]
A look at the China data that you should care about. From China’s burgeoning commodity exports to the changing profile of migrant workers. Also, a look at the apps that are gaining traction in this vibrant tech market and some good news there for caffeine addicts. Now, let’s reach out for that latte! (All the data pertains to the […]
As manufacturing sector gets more sophisticated, companies will have to break down the barriers between low-wage and skilled labor in China. “In this industry, it’s just one or two heroes directing a bunch of knuckleheads,” says Peng Wen, a technician at a Winto Ceramics subsidiary factory in Guangdong Province’s Foshan city. Peng’s […]