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China Focus: Thriving job market signals economic rebound in Hainan

February 17, 2023


Abstract : At a job fair in Haikou, capital of south China's Hainan Province, recruiters pulled out all the stops to win over the hearts of thousands of jobseekers waiting in long lines.

HAIKOU, Feb. 16 (Xinhua) -- At a job fair in Haikou, capital of south China's Hainan Province, recruiters pulled out all the stops to win over the hearts of thousands of jobseekers waiting in long lines.

Some recruiters resorted to creative tactics, such as singing and dancing, to capture the attention of job applicants, with some tourism employers even offering free travel for those who sign with them.

"It's the biggest on-site recruiting session I have ever attended," said Zhang Biao, a recruiter with a tourism investment company registered in the city of Wuzhishan. "We have received a lot of resumes."

Zhang said that in the past three years, many staff members left the company due to the significant impact of COVID-19 on the tourism sector. As the country's economy rebounds following its optimized COVID-19 response, the tourism market in the island province is also making a quick recovery. Now, the company is in dire need of talented individuals to keep its business rolling.

The heightened enthusiasm for recruiting is part of a broader rosy picture of China's economic prospects.

Data from the National Bureau of Statistics shows the purchasing managers' index for China's manufacturing and non-manufacturing sectors came in at 50.1 and 54.4, respectively, in January. Both figures indicate an expansion in economic activity.

Eyeing the growth prospects, international institutions have improved their predictions for China's economic growth in 2023. The International Monetary Fund has raised its forecast for China's economic growth this year to 5.2 percent, up from a previous prediction of 4.4 percent.

Authorities have set a GDP growth target of 9.5 percent for 2023 for Hainan, which China plans to build into a globally influential and high-level free trade port (FTP) by the middle of the century.

Naturally, the country's economic recovery is evident in the flourishing job market in the free trade port.

"I am job hunting and such job fairs really help me understand the job vacancies in the Hainan FTP," said He Xiaowen, a Haikou native who studied in a northeast China college. "I am super excited to come back home in Hainan and contribute to the development of the Hainan FTP."

"I could sense the excitement in the job market," said jobseeker Chen Jingyi, a graduate from China Agricultural University. "I have sent out many copies of my resume."

To "snatch up" the talents, local authorities in Hainan wasted no time in printing out countless promotional materials for vacant job positions, and sent working staff to job fairs to answer any questions potential applicants may have.

"We need to be quick if we want to hire new talent," said Zhang Yunhong, an official of Hainan's Dongfang City.

At the job fair in Dongfang alone, 12 local employers received more than 250 resume copies on site, while many applicants also registered online.

"We have been holding many such job fairs," said Tie Gang, with the provincial department of human resources and social security. "We hope more people will stay in Hainan and help with the development of the Hainan FTP."

Since mid-December last year, Hainan authorities have launched seven job fairs offering more than 30,000 job positions. More than 4,300 people have signed deals.

Official figures showed that Hainan has attracted more than 500,000 talents since April 13, 2018. The province aims to recruit 800,000 more talents in the next five years, including a target of 150,000 this year.

"We plan to hold more campus recruiting sessions in cities like Beijing and Jinan," said Zhao Wei, head of the provincial employment bureau. "We will also offer online recruitment throughout the year."

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Keyword: job market

Reading:

China's central bank continues to add liquidity via reverse repos

Economic Watch: China remains an investment paradise for foreign capital

Hiring boom boosts manufacturing rebound in "world factory"

Economic Watch: China's home prices slightly up in January

【Financial Str. Release】China sees stable cross-border capital flows in Jan.

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