A number of mainland Chinese reports that major companies are hiring fewer new employees, including Huawei, Alibaba, JD.com, and Baidu, due to concerns about rising costs. The Chinese Communist Party (CCP) has reduced its employment targets by nearly a half compared with the plan for 2017.
Beijing Youth Daily reported on Oct. 24 that Huawei, the largest telecommunications equipment manufacturer in the world, stopped its social recruitment program to save costs.
