[ad_1]
Monday May 11, 2020 3:00 PM (GMT + 7)
China’s years of development risk becoming a “gobble”, as Beijing is still struggling with economic recovery after the Covid-19 pandemic.
UPDATE ON THE COVID-19 TRANSACTION
(Data updated in 16:28 05/11/2020) – Source: Ministry of Health and Worldometers
Vietnam
The world
America
Italy
Germany
Brother
Infection case
Death
Cured ca
No Province Case Death Cured ca
According to SCMP, for many years, the labor market has been stable thanks to increased demand for jobs in the service industry, allowing traditional factory workers to take on new jobs, such as delivery and door. goods.
But the Covid-19 outbreak plagued the cycle, causing the Chinese government to worry about the huge unemployment rate, leading to social unrest.
It has been 3 months since China stopped the spread of Covid-19 (since mid-February), the economic apparatus has restarted, but indicators show that the recovery is not at all. easy
Across the country, the view of shops and restaurants near schools is remarkable because some of the students have not returned to school. In production centers, workers still wait for factories to open. Many factories have reduced operating productivity to the maximum because global demand for goods has plummeted.
For the first time in decades, the Chinese labor market has been under pressure in many ways, representing an unprecedented challenge when the Chinese economy experienced negative growth for the first time in more than 40 years.
Life in China has been unable to return to normal after the Covid-9 pandemic. Photo: SCMP
“The trade war between the United States and China has created great pressure, the Covid-19 pandemic is a ‘dead-end’ blow, making the task of economic stabilization and job recovery more complicated and difficult,” he said. Ouyang Junm and Qin Fang, two economists at Southwest University in Chengdu, said.
Government figures have been unable to assess worker unemployment, as 149 million start their own businesses and 174 million migrant workers, who cannot be properly counted, according to SCMP.
Official government figures show that around 27 million Chinese lost their jobs in March due to the impact of the Covid-19 epidemic, but experts say the actual number of unemployed workers in the world’s most populous country is unknown. gender can be up to 80 million.
“Unlike other economies, mainland China does not have a regime that requires business owners to continue paying workers when they are not working. This means that workers who lose their jobs will have to work hard to find new jobs after the epidemic, ”said economist Qu Hongbin.
The number of Chinese workers returning to work in urban areas is estimated to have decreased by 30% over the same period last year. Many people, instead of gambling in urban areas, choose to stay in rural areas to cultivate.
As a result of Covid-19, Chinese manufacturing workers who wanted to move to other jobs were also very difficult, because some of the tourism and service workers were unable to work. again
The Chinese have been unable to return to normal life after the Covid-19 pandemic.
Earlier in May, tourism profits in China decreased 60% from the same period last year, while restaurants also reduced profits by 50%, according to data from the China Hotel Association. .
Many restaurants in China have switched to a remote delivery model to compensate for the shortage of diners, but 45% of respondents said the orders were much less than usual, a sign of a drop. decrease in Chinese people’s spending.
“If exports do not recover in the second quarter of this year, part of the Chinese people will continue to be very cautious when shopping, going to restaurants due to falling incomes, and unemployment will remain high. by the end of the year, “said Yao Wei, an economist in China.
Larry Hu, an economist working for the Macquarie Group, estimates that the unemployment rate in China will rise to 9.4% by the end of this year. 8.7 million Chinese graduating students face an uncertain future due to job problems.
“The Covid-19 shock in the Chinese job market was unprecedented in size, duration and nature,” economists Wei Yao and Michelle Lam wrote in a study published last week.
|
The Ministry of Health recommends isolation, health surveillance in the prevention of COVID-19: – For close contacts of patients with positive COVID-19: Isolate at the medical center within 14 days and take samples for analysis. – For close contact with COVID-19 positive patients: Quarantine, monitor health at home, place of residence, residence within 14 days and notify local authorities (neighborhoods, communes, cities) and must closely monitor the health situation. If fever, cough, sneeze, runny nose, fatigue, chills, or shortness of breath are found, immediately isolate at the medical facility and take patient samples for testing. – Wear a mask frequently, cover your mouth when coughing or sneezing. – Wash your hands with soap continuously to avoid the risk of spreading the disease to other people. – Share your own travel schedule with medical staff. – Call the information hotline immediately: 19003228 and 19009095. |
VietnamThe worldAmericaItaly SpainGermanyFranceBrother
Source: http: //danviet.vn/trung-quoc-doi-mat-thach-thuc-lich-su-vi-khung-hoang-that-nghiep-hau-covid-19 -…
The United States announced its latest sanctions against China and new rules that went into effect on November 11.
