DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Yao - 1 Zhaopeng Xing - 1 ANZ's - 1 Unit's Xu Tianchen - 1 Zhaopin - 1 Shao - 1 Aidan Chau - 1 Xu - 1
Top related locs:
China BEIJING HONG KONG Hefei Suzhou Hong Kong Shanghai Beijing
Top related orgs:
Communist Party - 1 Financial - 1 Economist - 1 Workers - 1 China Labour Bulletin - 1 Reuters Graphics Reuters - 1 Citi - 1 Graphics - 1

Search resuls for: "Zhaopin"


5 mentions found


☆ White-collar wage cuts in China fuel deflation risks, hurt consumption
  + stars: | 2023-07-27 | by ( Ellen Zhang Marius Zaharia | Ellen Zhang | Marius Zaharia | ) www.reuters.com   time to read: +5 min
Financial firms and their regulators have cut salaries and bonuses after China's top graft-busting watchdog vowed to eliminate "Western-style hedonism" in the $57 trillion sector. "Wage cuts will intensify deflationary risks and reduce willingness to spend," said Zhaopeng Xing, ANZ's senior China strategist. Reuters GraphicsWEAK BARGAINING POWERUnilateral wage cuts are illegal in China, but complex salary structures offer ways around that. Shao, who sold make-up in the eastern city of Suzhou and only gave her surname for privacy reasons, had a choice to leave her company or accept a 50% wage cut. Their bargaining power ... is weakened so they tend to accept wage cuts," said Aidan Chau, researcher at Hong Kong-based rights group China Labour Bulletin.
Persons: Yao, Zhaopeng Xing, ANZ's, Unit's Xu Tianchen, Zhaopin, Shao, Aidan Chau, Xu, he's, Xiangrong Yu, Ellen Zhang, Marius Zaharia, Liangping Gao, Kripa Jayaram, Kim Coghill Organizations: Communist Party, Financial, Economist, Reuters, Workers, China Labour Bulletin, Reuters Graphics Reuters, Citi, Graphics, Thomson Locations: China, BEIJING, HONG KONG, Hefei, Suzhou, Hong Kong, Shanghai, Beijing
☆ LinkedIn lays off 716 employees, kills China jobs app
  + stars: | 2023-05-09 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
LinkedIn, the popular business social networking platform owned by Microsoft , will discontinue its China-specific jobs app InCareer and lay off 716 employees worldwide, the company said in a message to employees. LinkedIn launched InCareer in Dec. 2021 after sunsetting its localized LinkedIn product in China. Shares of parent company Microsoft were largely flat in pre-market trading Tuesday morning. LinkedIn will continue to operate other businesses in China, including its LinkedIn Learning product. The total number of InCareer and LinkedIn users in China was over 57 million, according to an InCareer page.
☆ Chinese consumers out of COVID gates with caution, rather than zest
  + stars: | 2023-03-14 | by ( Casey Hall Sophie Yu | Casey Hall | Sophie Yu | ) www.reuters.com   time to read: +6 min
Starbucks (SBUX.O) warned of a "cautious" recovery in its China sales. "Consumers have become more meticulous in their spending," its chief executive, Xu Lei, said in an earnings call on Thursday. "Now the Chinese tourists are either super rich or very poor," said the owner, who spoke on condition of anonymity. "This suggests that once the initial reopening rebound has happened, we shouldn't expect a further surge in consumer spending," he wrote in a note to clients. ($1 = 6.8780 Chinese yuan renminbi)Editing by Marius Zaharia and Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.
☆ At job fairs in China, employers are thrifty and applicants timid
  + stars: | 2023-02-20 | by ( Ellen Zhang Florence Lo | Ellen Zhang | Florence Lo | ) www.reuters.com   time to read: +4 min
In a country of 1.4 billion people, job fairs are one of the most efficient ways for employers and workers to connect. There will be more job seekers battling for offers this year." About 60% cited the "uncertain economic environment" as the main factor affecting their confidence, up from 48.4% in 2022. Policymakers are expected to aim for growth of about 5%, which would still be below the blistering pre-pandemic pace. ($1 = 6.8767 Chinese yuan renminbi)Additional reporting by Xiaoyu Yin Editing by Marius Zaharia and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
☆ Frugal is the new cool for young Chinese as economy falters
  + stars: | 2022-09-18 | by ( Albee Zhang Tony Munroe | Albee Zhang | Tony Munroe | ) www.reuters.com   time to read: +7 min
China's 'zero-COVID' policy – including stringent lockdowns, travel restrictions and mass testing - has taken a heavy toll on the country's economy. The government's crackdown on big technology companies has also had an outsized effect on the young workforce. Chinese households overall added 10.8 trillion yuan ($1.54 trillion) in new bank savings in the first eight months of the year, up from 6.4 trillion yuan in the same period last year. China is the only leading economy that cut interest rates this year, in an effort to spur growth. Fu said she switched her makeup powder brand from Givenchy to a Chinese brand called Florasis, which is about 60% cheaper.
0 next >>
Total: 5