China’s rubber-stamp Congress holds its annual plenary sessions, known as the Two Sessions, which are expected to focus on the economy.
China’s labor market is undergoing structural changes, with a shrinking labor force and rising labor costs. Young people are reluctant to enter factories, and the international labor market is shifting to Southeast Asia and other places. Some analysts expressed concerns that China’s status as the “world’s factory” may end within a year.
China’s rubber-stamp Congress holds its annual plenary sessions, known as the Two Sessions, which are expected to focus on the economy.
China’s labor market is undergoing structural changes, with a shrinking labor force and rising labor costs. Young people are reluctant to enter factories, and the international labor market is shifting to Southeast Asia and other places. Some analysts expressed concerns that China’s status as the “world’s factory” may end within a year.