Posted 2/27/2024, 1:00:26 AM

China's Slowing Economy Dampens Job Market for Migrant Workers

Returning migrant workers facing lower wages and fewer job openings as China's economy slows
Job seekers have lower salary expectations compared to previous years
Export hub cities anticipate significantly fewer job vacancies than 2022
Factories investing overseas rather than expanding domestically due to weak export orders
Construction and infrastructure sectors seeing decent demand, but not worried about labor shortages

scmp.com