China 

Li Keqiang says it’s time for Chinese government to ‘turn the blade inward’ to boost jobs growth

China has pledged to create more than 11 million new jobs this year – equivalent to the population of Belgium and more than that of Hong Kong – as it tries to ensure social stability amid an economic slowdown and rising tensions with foreign countries.Wrapping up the annual legislative sessions on Friday, Premier Li Keqiang said Beijing was aware of the downward pressure from the economy, with GDP growth slowing to 6.6 per cent last year – its weakest pace since 1990.But he ruled out any… Source link

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Singapore 

Parliament: To protect local jobs, Government has to cut foreign worker quota, says Chee Hong Tat, Singapore News

SINGAPORE – Jobs for Singaporeans will be lost and socio-political problems could flare up if the country does not control the number of foreign workers, said Senior Minister of State for Trade and Industry Chee Hong Tat. Mr Chee told Parliament on Tuesday (Feb 26) that such problems have occurred in other countries, which is why the Government reduced the foreign worker quotas for the service sector despite its impact on some companies. His response came after several MPs questioned the decision to lower the Dependency Ratio Ceiling, a quota…

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China 

Tianjin’s foreign investment and jobs drop amid trade war and industrial shift to new sectors

This series explores the employment challenges faced by different segments of the Chinese economy; this fourth instalment examines the challenges faced by foreign firms. For residents of the city of Tianjin in northeastern China, the closure of Samsung’s huge smartphone factory in December symbolised the end of an era for the South Korean electronics giant, which was once the most popular brand in China. The closure points to the challenges faced by foreign firms in China’s fast-evolving business environment up against well-subsidised domestic competition and the problems this presents for…

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Home 

US tech supremacy and millions of jobs at stake if China gains 5G lead, congressional hearing told

The United States stands to lose millions of jobs and its competitiveness if it does not check the ambitions of China to gain leadership in 5G mobile technology, a congressional hearing was told this week. China has a coordinated state-led strategy for developing its science and technology that is not matched by the US federal government, Michael Wessel, the commissioner for the US-China Economic & Security Review Commission, said on Wednesday. The measures employed by China involve both legal and illegal means, ranging from state subsidies to procurement protectionism to…

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China 

US-China trade war to slash almost one million jobs from the US economy, new research predicts

Almost one million American jobs are at risk due to the effects of the current trade war with China and further disputes between the United States and other countries, according to a new study. Research from Washington-based consultancy Trade Partnership Worldwide, paid for by the pro-free trade lobby group Tariffs Hurt the Heartlands, ominously predicts that more than two million American jobs could be on the line should US President Donald Trump push ahead with his threat of a 25 per cent tariff on all Chinese exports. Currently, US$250 billion…

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Singapore 

Highest paying jobs in Singapore – 38 jobs with monthly salary over $10K, Singapore News

Are you happy with your salary in Singapore? Rhetorical question, I know… But if you are happy with what you’re making, you might want to close this tab because you’re about to feel jealous of these 38 jobs where people can make above $10,000 a month. I’m not just talking about the usual suspects like CEOs, but also regular people with just 5 or so years of working experience. Don’t believe me? Check out the following list of highest paying jobs in Singapore, split by industry. HIGHEST PAYING JOBS IN…

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Home 

No proof that artificial intelligence and automation will take away jobs, says new report

Concerns about job losses from the wider adoption of artificial intelligence (AI) and robots across industries may be exaggerated, according to a new study. There is no “conclusive evidence” that more jobs are being lost than created, as global unemployment rates have stayed relatively stable since 1991 even with the addition of 1.6 billion people into the global workforce, said the report Digital Technology and Inclusive Growth by independent think tank the Luohan Academy. “Robots and artificial intelligence are still in the early stages of development and their ability to…

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Global 

Jobs in China’s export-import industries wither in the heat of Washington’s trade war with Beijing

Demand for labour at China’s importers, exporters, and related manufacturers fell by 40 per cent in the last quarter of 2018 from a year earlier, showing the trade war with the US has taken its toll, a survey released on Friday revealed. The China Institute for Employment Research (CIER) at the Renmin University of China in Beijing found jobs in export-oriented regions, including Dongguan in the Pearl River Delta and Suzhou in the Yangtze River Delta, were hit hard. However, the decline in fourth quarter trade-related employment was slightly smaller…

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Global 

Asia’s policymakers must prepare today for the jobs of tomorrow, for our prosperity depends on our readiness

Technology optimists argue that progress creates many more jobs than it destroys. They say fears over job losses are as misplaced as the Luddites’ 19th century concerns over the loss of jobs like horse-and-buggy driver, or loom weaver. More recently, the automated teller machines (ATMs) also support this view, since the machines haven’t replaced bank tellers, but broadened their roles into customer relationship managers. Certainly, the skyscrapers of Manila and Mumbai are filled with people doing new jobs that have moved them from poverty into the middle class. The last…

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China 

China takes steps to support jobs as trade war starts to hit employment

Beijing is now officially worried about unemployment, as the US-China trade war continues to weigh on the world’s second largest economy. On Wednesday, the State Council unveiled policies ranging from refunding unemployment insurance payments to companies that do not lay off staff to giving subsidies to jobless young people aged 16 to 24 rather than only to college graduates without jobs, according to a document on the government’s website. The cabinet’s policy paper, which was drafted on November 16 but only made public this week, had already been passed down…

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