China News: Wages for Chinese workers in major cities declined by the most on record, reflecting deflationary pressures and sluggish consumer confidence. Salaries
Regional pilot programmes will be set up across China, and progress will be closely monitored to ensure local authorities are doing enough to bolster the hi-tech talent pool, but pitfalls could appear.
Faced with dwindling opportunities, from rural hometowns to major cities, some migrant workers sleep in the streets as they roll the dice on where the sluggish economic recovery will create the most jobs.
Mandatory retirement ages in China are among the world’s lowest, and demographers say Beijing’s plans to revise the 70-year-old rules cannot come soon enough as the nation’s workforce rapidly gets older.