China Business & Economy

China’s Employment Outlook and Income Confidence Hit Record Lows: Survey

China’s Employment Outlook and Income Confidence Hit Record Lows: Survey
A health worker waits for people to take swab samples to test for COVID-19 in Shanghai on Dec. 19, 2022. Hector Retamal/AFP via Getty Images
Hannah Ng
Reporter
|Updated:
As the economic slump grew deeper this year, Chinese people’s trust in the labor market, their wages, and their interest in purchasing homes all plummeted to record low levels, a recent survey shows. 
The People’s Bank of China’s Employment Sentiment Index, representing residents’ prospects for jobs, fell to 33.1 in the fourth quarter of 2022, down from 35.4 in the prior quarter, according to Bloomberg.
Hannah Ng
Hannah Ng
Reporter
Hannah Ng is a reporter covering U.S. and China news. She holds a master's degree in international and development economics from the University of Applied Science Berlin.
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