China on Sunday reported record-high figures for domestic travel and spending during the just-concluded Chinese Lunar New Year holidays, with both figures also largely exceeding those of the same period in 2019 before the outbreak of the COVID-19 pandemic, further indicating that recovery in consumption is picking up pace.
China will give greater priority to ensuring the employment of key groups and strengthening the recovery momentum of the job market. Analysts stressed that China has a solid foundation for employment in 2024 as the economic recovery will continue to create new jobs and new productive forces will increase the demand for talent.
Chinese stocks rallied for a second consecutive day on Wednesday, with the benchmark Shanghai Composite Index rising 1.44 percent to close at 2,829.70 points. Combined turnover on the Shanghai and Shenzhen bourses exceeded 1 trillion yuan ($139 billion) for the first time since November 21, 2023.
In the face of exaggerated rhetoric used by some Western media outlets to discredit China’s job market, Chinese young people are showing their hard-working and aggressive spirit to seek employment opportunities and achieve personal value.
From East China s Jiangxi Province to Southwest China s Sichuan Province, foreign trade companies are intensifying efforts to secure new orders, by participating in business trips or exhibitions abroad, a repeat of similar measures taken in early 2023 after it proved successful in helping private businesses to expand overseas market and stabilize trade flows.