China’s graduates flock to public sector amid private sector crackdown and COVID-hit economy
In 2021, nearly half of the Chinese university graduates, the majority of whom graduated from prominent universities such as Tsinghua University, applied for jobs in civil service, the public sector, and state-owned enterprises. According to a report published on Jan. 4 by Yue Changjun, a professor at the Institute of Economics ...
The storm is not over yet: Beijing’s regulatory crackdowns expected to continue in 2022
Bankers and lawyers expect unprecedented regulatory crackdowns in China to be extended into 2022, Reuters reported on Dec. 21. This trend aligns with Xi Jinping's plan to fortify state control over the private sector when he enters a historic third term as China's Communist Party (CCP) leader. The year 2021 has ...
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