In order to create more job opportunities and stimulate the domestic demands, central government has recently taken several approaches to strengthen the infrastructures. The ministry of railway announced that they plan to use 5 trillion yuan ($730 ) to build more new express rail lines and doubt the exist ones.
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What can we see from the photo above? There are a large crowd of university graduates hunting for the jobs in the job fairs. This photo has been used as the cover picture by many mainstream new agencies in China, such as China Daily, China Youth Daily and Yangtze Evening Post. More than 60 thousand universities graduates rushed into the Nan
jing International Exposition Center and the destination of them are the same.
As the global financial crisis has influenced the national economy, a large number of the enterprises have axed their employees or canceled the plan of campus recruitment. Even if the student elites, who has got the offer from the prominent invest bank JP Morgan and Morgan Stanley, have been informed that their entrance time is postponed. The elites have to wait for another year to be in positions, let alone the NEETs (not employment, not education or job training) group. And for the graduates who have expected to be employed by the Fortune Global 500 or NEETs, it is also difficult to start their new life. As the peak of the expansion of higher education, there are more new grads than ever before. Read more…
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Maybe there are millions of TV stations worldwide broadcasting the G20 Summit these days. And there is no doubt that most people in developed countries focusing on what overtures would be put forward during the Summit.
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The China Association of Small and Medium Enterprises (CASME) said on it website on Nov 24, it has launched venture investment fund of 3 billion yuan ($440 million) to help SMEs raise capital. The fund will be established by the end of this year.
Beside this, according to CASME, other efforts include the joint issue of an SME corporate bond with the Liaoning provincial government and the founding of a bank with a planned registered Read more…
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The global economy is still on the way of deteriorating, and the signs of distress mounted last Friday. Shares in the US bank Citigroup Inc are plunging; oil prices are falling and the future of US carmakers hanging in the balance.
Given the economic slowdown and turmoil in financial market, the Bank of Japan left interest rates unchanged at 0.3 percent. This shows there is a long way for recovery. Global stock reaching a Read more…
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China is starting another goal that has been cherished for a long time, which is operating high-speed telecom services. China Mobile has dished out over $4 billion of deals and smaller rival Unicom is hoped to win a 3G license soon.
But analysts continued to warn that in such a worsening economy, carriers and investors should not expect quick returns with consumers after investing billions of dollars.
The world’s largest mobile provider, China Mobile, is now planning to acquire dual-band cellphones with Motorola and Sony-Ericsson. This kind of cellphones is expected to be used on China’s homegrown third-generation wireless standard, known as TD-SCDMA.
According to the Chairman Read more…
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According to the government of Japan on Nov 17, the country’s economy slide into a recession for the first time since 2001. As the global economic crisis continues, companies in Japan cut back on spending in the third quarter sharply. The world’s second largest economy could further decline in the coming months, warned the government officials and economists.
After declining an Read more…
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According to the country’s top labour official, the bleak employment situation may worsen next year because of the global financial crisis. Minister of human resources and aocial security Yin Weimin also said that the unquiet labour is the “top concern” of the ministry.
The registered unemployment rate in urban area remained stable at 4% during the first ten months but since last month, the worsening global economic situation has started to give more stress on China’s job market, according to Read more…
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Some visitors to a national job fair said on November 18 that layoffs and a shrinking job market have forced fresh graduates to lower their expectations of finding good jobs.
Organized by the Ministry of Human Resources and social security, the job fair began last Sunday, offering information on more than 520,000 vacancies for graduates, will travel to several major cities for two weeks.
Luo Fengming is Read more…
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Last week, China’s Ministry of Commerce (MOFCOM) agreed with Belgium brewer Inbev’s $52 billion take over of Anheuser-Busch Cos Inc (AB). But the two parties are not allowed to increase their ownership stakes in domestic beer companies without approval from the ministry.
According to a ministry spokesperson, since China’s Anti-Monopoly Law took effect in August, this is the first Read more…
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