PageGroup on China Hiring Trends

The video discusses the current sentiment in China, highlighting optimism for 2024 despite challenges in the job market. It examines sector performance, noting strong demand in leisure, travel, and new tech, while traditional sectors face difficulties. The impact of de-risking and relocation trends on hiring is explored, with a focus on the financial services sector's challenges. The video concludes with insights into the local economy's recovery and the importance of stabilizing financial services.

What is the general sentiment in Shenzhen and Shanghai regarding the future?

• Pessimistic outlook for 2024

• Optimism looking towards 2024

• Complete uncertainty about the future

• No change expected in the future

Which sectors in China are currently experiencing robust demand?

• Traditional tech and agriculture

• Leisure, travel, tourism, and new tech

• Manufacturing and heavy industry

• Banking and finance

What is a significant trend among companies regarding their supply chains?

• Focusing only on domestic markets

• Increasing investment solely in China

• Diversifying and moving manufacturing out of China

• Consolidating all operations in China

How has the lifting of COVID restrictions affected expats' willingness to return to China?

• No change in willingness

• Complete reluctance to return

• There is a significant decrease in willingness

• It is still early days, but there is some increase

What challenges is the financial sector facing in Hong Kong and Shanghai?

• Increased foreign investment

• Layoffs and restructuring

• Stable and consistent performance

• Rapid growth and expansion

Which sector in Hong Kong is showing signs of expansion?

• Agriculture

• Domestic travel and leisure

• Traditional tech

• Heavy industry

What is the current state of the local consumer economy in Hong Kong?

• It is starting to pick up

• It is declining rapidly

• It remains stagnant

• It is experiencing a downturn