Vice-Minister of Human Resources and Social Security Zhang Xiaojian said late last month that the urban registered unemployment rate can be kept below 4.5% this year, but the rate may rise next year.
According to a recent survey of Manpower Inc, a leading global employment services provider, the rate of hiring new employees of companies in Beijing, Shanghai and Guangzhou become the lowest.
The current job market is Read more…
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China, economy, job, market, recession, unemployment
Global financial crisis brings recession both in economy and job market. With the uncertainty of economic slowdown, many workers maintain that nothing can be more important than securing jobs.
As numerous companies are slashing salaries and headcounts, it is reported that more employees are becoming cautious with job-hopping and looking for good advices.
A lot of employees feel the current situation could worsen Read more…
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China, crisis, economy, job, market, recession
According to experts, the main focus for Chinese government to stabilize the real estate market lies in the stimulation of the private housing demand and the strengthening of the low-cost housing building.
Qin Xiaomei ,research chief at CB Richard Ellis’ Beijing branch, said ,”The government are definitely concerned about how to keep the real estate market stable ,particularly at a time when the country’s economy has an increasing risk Read more…
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China, demand, economy, government, market, real estate
US is expected to stabilize its financial market to ensure the safety of its assets there and Beijing would like to work with Washington to revive the health of the international financial system, according to Vice-Premier Wang Qishan at the opening ceremony of the fifth Sino-US Strategic Economic Dialogue, a two-day event that began in Beijing on Dec 5th.
Wang also said that day the key tasks of SED this year was to restore global confidence and prevent the current financial crisis from spreading.
The SED mechanism Read more…
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China, economy, event, global crisis, market, SED, U.S.
According to ten top economists in a joint plea to the central government, in order to materialize the 4 trillion yuan stimulus package and shore up China’s economy, decisive and coherent policy measures to revitalize the equity market are needed.
As the barometer of the country’s economic and social conditions, the bad situation of the Chinese stock market may bring serious damage to the banking and fiscal systems as well as listed companies. The country’s domestic consumption Read more…
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capital, China, economy, index, market, stock
A 5-billion-yuan contract was signed by the Commercial Aircraft Corporation of China (COMAC) to sell 25 ARJ21-700 regional jets to GE Commercials Aviation Services (GECAS) on November 4, which marked that China’s first homegrown jet would have a promising future in the overseas market.
Zhang Qingwei, board chairman of COMAC, said that the delivery will start in 2013 and the 70-90 seat feeder jet will have its first flight in mid-November. Read more…
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COMAC, delivery, GECAS, jet, market, order
Based on a report by Jones Lang LaSalle, a professional services firm specializing in real estate, the transparency of real estate has improved in many emerging markets during the past two years, with China achieving the greatest improvement in the Asia-Pacific region.
According to the latest China edition of the Global Real Estate Transparency Index from Jones Lang LaSalle Read more…
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business, China, Improvement, market, real estate
Based on the measures given by the central government, the transaction taxes has been lowered and payments and mortgage rates been reduced to bolster the sagging real estate market.
But analysts said the measures may not change the situation completely because the current prices have been much out of purchase ability of many buyers.
In order to Read more…
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housing, market, measure, tax, transantion
US brewer Anheuser-Busch Cos Inc (AB) accepted a sweetened $52 billion takeover bid from Belgium-based InBev in July, creating the world’s largest beer maker, which will occupy a quarter of the world’s beer market, with Budweiser as its flagship brand.
The deal indicates the willingness of international beer giants in the sector Read more…
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AB-InBev, China, deal, market, reorganize
PPG, the successful online clothing retailer, turned a new page in Chinese clothing industry, but that is only a beginning.
What makes PPG so special is that it employs a business model combined of e-commerce and traditional retail, in which Internet and call centers play a fairly important role. This saved PPG much cost of maintaining retail outlets. David Lee, its chairman, said. “We never need to keep a large inventory,” he said.
It is said that PPG has received investment of $80 million from Read more…
Popularity: 4% [?]
market, PPG, stock, subsidiary, U.S.
Vice-Minister of Human Resources and Social Security Zhang Xiaojian said late last month that the urban registered unemployment rate can be kept below 4.5% this year, but the rate may rise next year.
