Southeastern China's Labor Shortages
(Beijing) -- Labor shortages in China's southeastern coastal areas continue to aggravate the woes of small- and medium-sized business owners, already facing a challenging business environment including decreased access to credit, rising costs of raw materials and the appreciation of the yuan.
The migration of manufacturing industries to inland provinces is draining the labor pool in affluent coastal areas, said Lan Hengmin, a media commentator, in an article published by the Economic Herald on July 27.
- 1Huawei’s Harmony OS Will Compete Globally Within 2 Years, Founder Says
- 2In Unusual Move, Huawei Offers ‘No Backdoor’ Deal to India Amid Security Concerns: Report
- 3Trump Promises to Deal with Chinese Students’ Visa Woes
- 4German Wholesaler Metro Agrees to Sell China Business to Wumei
- 5Regulator Flags Risks of Concentration in Private Fund Management
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas