ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperOpinion / Op-Ed ContributorsEditorialsOp-EdColumnistsContributorsCartoonsSpecialsFrom the PressForum TrendsTalk from streetDebateEditors Pick:Syrian refugeescyberspaceV-Day paradeshrimp scandalTPPPessimism cant cloud silver lining for economyBy Simon Lance (China Daily) Updated:2016-01-14 07:48Comments Print Mail Large Medium SmallChinas slowing economy has exacerbated the gloomy sentiment about the worlds most populated market and sparked worries about massive job losses amid potential company collapses and loan defaults.But I firmly believe that this pessimism has been overdone.Economic growth is slowing, but a year-on-year expansion of about 7 percent, or even slightly lower than that, is very positive in a global context. A recent survey by recruiting experts Hays has not only provided a snapshot of Chinas economic status, but also added weight to the bullish outlook amid the countrys huge growth potential.The Hays Global Skills Index 2015, developed in conjunction with Oxford Economics, showed China scored 4.7 points, 0.3 percentage point down from 2014. Chinas slowly decreasing overall index (5.0 in 2014) suggests that employers are progressively finding it easier to source the skilled labor they need for their operations.However, a deeper look into the seven indicators that comprise this index, show that employers still face real challenges in managing their human resources. The indicator for “overall wage pressure” (7.5) sends out a loud message: the Chinese employment market is still facing a shortage of skilled workers with employers prepared to use salary to compete for the top talent.Our (Hays) research also found that China is grappling with severe labor market inflexibility. There are signs that improvements are on the way, as with policymakers revisiting some vocational certifications and aiming to reduce the constraints on talent movement between industries, utilizing their transferable skills and encouraging a more active, fair and competitive job market.Nonetheless, the prospect for stable economic growth in China remains bright, buoyed by the new growth engine which the government is striving to create. The Chinese leaderships “new normal” strategy – relying on strong consumer spending and youngsters enterprising spirit to sustain a slower but healthier growth – is more than just verbal support.Previous Page1 2 Next PagePrevious Page1 2 Next Page0Related StoriesWhile Maintaing a Stable Growth, Chinas Economy Is Moving in a Positive DirectionChinese economy blessed with huge staying powerTax cut will move Chinese economy into new growth cycleChinas outbound investment helps boost global economy: expertsMost Viewed Todays Top NewsHousing booms may hurt, not heal, local growthTime to break free of protectionist shacklesAllow space for students to discover themselvesPhilippines arbitration case built on false pretextFunding global public goods for worlds recoveryForum TrendsTips to manage stress when studying abroadWhy are Chinese students heading to the US?Should investment lessons be mandatory?How can doctors and patients regain trust?Are women-only buses discriminatory?Do student evaluations measure teaching effectiveness?What annoys you most while traveling in China?ColumnistsTrumps willingness to talk to the DPRK is the right approachFestival drama peels layers of character who isnt thereFeatured ContributorsTurnball highlights China-Australia FTA as a valuable assetBloody curtain rising to greet US first-ever presidentStar BloggersMy best friend in China: 35th anniversary of China Daily By subeChina Daily is like a friend who stays with me in every mood in my life. If I am happy, I can write a blog and if I am upset, I can enjoy what others have said and let my feelings go away.China Daily, 35 years on: my memories By aixiI first discovered China Daily a few years ago. It was my first visit to China, and I was waiting for my tour guide to arrive.My vision for a smog-free China By eddieturksonI’ve lived in China for quite a considerable time including my graduate school years, travelled and worked in a few cities and still choose my destination taking into consideration the density of smog or PM2.5 particulate matter in the region.SpecialChina Daily, 35 years on: your memoriesPositive energy Leifeng laowai story2016 Happy Chinese New Year…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
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