Brief introduction of Chinese labor market and High potential employees (part 2)

The supply and demand of chinese labor market

After 21st century, a series of changes take place in the supply and demand structure of the urban labor market. When the total amount of labor market remains in oversupply, a structural supply shortage and surplus occurred in the labor market. This kind of structural supply shortage and surplus means as follows:

By geographically are labor supply shortage in eastern coastal areas and oversupply in the Midwest.

By education is oversupply of comprehensive talent above bachelor, supply shortage of skills-based education talent and shortage of unskilled workers with low education.

 

China is still facing greater pressure on urban employment, the pressure mainly from two aspects. One is the transfer of rural labor to urban areas; the other is the pressure of new entrants in the labor market. The two aspects are gradually converging into a single pressure – new entrants on the labor market, because more and more rural youths do not choose to work in rural areas. read more

Brief introduction of Chinese labor market and High potential employees (part 1)

The history of chinese labor market
In China, the concept of the labor market was first proposed at the third plenary session of the 14th central committee. In the early 30 years from the founding of the People’s Republic to reform period, Chinese labor market has experienced a process of existing, narrowing until disappearing.

From 1949 to 1952, Chinese labor market existed; from 1953 to 1957 Chinese Labor market was narrowed down to basically disappeared. From 1958 to 1978, labor market has disappeared completely. The gradual disappearance of the labor market was accompanied by the formation and ossified of highly concentrated traditional labor Management system. Both reinforced each other. read more