Pulse on China’s Economy: Employment outlook positive as emerging industries offer more opportunities
China saw steady expansion of employment in 2023, with the emerging digital economy and technology sectors creating more opportunities for young job seekers, multiple industry insiders and enterprises have told the Global Times.
Despite the pessimistic picture painted by some foreign media reports, observers remained optimistic and confident in China’s employment situation, given the country’s efforts to stabilize the labor market as well as various favorable trends.
The emergence of cutting-edge technologies in the digital economy combined with new scenarios and sources of demand have brought more options and chances for young people, Li Qiang, vice-president of Zhaopin.com, told the Global Times in a recent interview.
Li noted that a diverse range of job opportunities have emerged with different entry levels, from the frontiers of digital technology to more basic jobs in expanding sectors such as artificial intelligence (AI).
Mexin Group, a door company based in Southwest China's Chongqing Municipality, told the Global Times on Monday that it has opened new positions and expanded hiring of AI engineers amid the development of its intelligent production.
The company hopes its AI engineers can integrate the technology into different applications and platforms, while carrying out new practices complying with various corporate projects, Mexin said in a statement.
Digital transformation has not only advanced the production and development patterns for enterprises in the manufacturing sector, but also provided growing potential and space for young job applicants, particularly in rising sectors such as industrial automation and new energy.
The proportion of jobs classified under the category of production, processing and manufacturing on Zhaopin.com increased from 15.3 percent in 2022 to 16.8 percent in 2023, with the growth rate ranking first among all industries. Meanwhile, the talent gap related to the energy-saving industry and new-energy vehicles is expected to reach 1.03 million people in 2025, according to data from the Ministry of Industry and Information Technology.
In addition, Li said the digital economy has created more flexible jobs with higher job autonomy and lower entry barriers.
The number of newly registered drivers for on-demand delivery service provider Lalamove, also known as Huolala, increased by more than 70 percent in 2023, while the active drivers born in and after 1990 accounted for 30 percent of the total number, a yearly increase of 45 percent, the company told the Global Times on Tuesday.
Huolala said that 60 percent of their surveyed drivers born in and after 2000 chose to be cargo drivers due to the job’s flexibility, as they can pursue different passions such as being e-sports players and technicians at the same time.
The urban unemployment rate in China stood at 5.2 percent on average in 2023, down 0.4 percentage points year-on-year, official data from the National Bureau of Statistics (NBS) showed last week, amid an overall improvement in employment.
The NBS also resumed the release of data for youth unemployment after a four-month suspension. The surveyed unemployment rate of the population aged 16 to 24 (excluding students) was 14.9 percent in December.
However, pressure is still persisting in 2024 given the structural contradictions for employment of some groups and in certain industries, said Kang Yi, a spokesperson for the NBS at a press conference on January 17.
Kang added that the employment situation will remain stable in 2024 thanks to the economic recovery, accelerated industrial upgrading and other positive factors such as supportive policies.
Li said that market confidence, bolstered by policy support taking further effect, has been rebounding, adding that the recovering confidence among enterprises is another positive factor for 2024.