A Bitter New Year: Scores of Chinese Report Layoffs, Missed Year-End Bonuses

A Bitter New Year: Scores of Chinese Report Layoffs, Missed Year-End Bonuses
China's economy maybe worse than it presents. Half of Chinese didn't receive year-end bonuses before new year, some even were laid off. GREG BAKER/AFP/Getty Images
Nicole Hao
Updated:

Many Chinese are starting the Lunar New Year holidays with bad news.

According to Zhaopin, one of China’s top three recruitment websites, only about 55 percent of white-collar employees surveyed said they would receive a year-end bonus, which may be in the form of cash or goods.

Year-end bonuses have become an important element of many Chinese employees’ income, especially to help them buy goods for the Lunar New Year celebration, as well as buy gifts for family and relatives.

Nicole Hao
Nicole Hao
Author
Nicole Hao is a Washington-based reporter focused on China-related topics. Before joining the Epoch Media Group in July 2009, she worked as a global product manager for a railway business in Paris, France.
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