Second home: South Korea's young generation flocks to Beijing for jobs

[Abacin]

I really doubt your figures. Chinese economy was never this bad in last 25 year. Not even while the whole world was engulfed in 2008 credit crisis. Forex reserves are falling. Industrial production index is falling, Currency has become weaker. and there is no need mention the upheaval in capital markets.

In 1998-2000 under Premier Zhu Rongji, at least 6 millions state enterprise workers were laid off. 10 millions -30 millions workers related also got laid off. With limited foreign reserve and strong political pressure from West (including bombing of Chinese Yugoslavia Embassy, interception of Chinese cargo ship by US navy, WTO requirements), the situation was much and much more severe than current situation. However, after this restructuring, Chinese economy started to fly.

The current restructuring will shift Chinese economy to more consumer related and less dependent on trades. This will allow China to prepare for tough political situations including unifying war on Taiwan and SCS wars.

 

[TaiShang]

Well said. Sure work ethics, intelligence quotients, good to do business together.

Moreover they are very polite, very clean, highly self-disciplined, and hence easy to integrate. I have several tenants like them, best neighborhood!

Exactly so. Common cultural heritage facilitates better communication and easy integration. And as you said, the characteristics of high IQ, meticulousness, and work ethic also ensures much more value added than immigrants from some distant, unrelated land.

China should further make itself a megnet for Northeast Asian talent, students and others.

 

[liall]

Where are the jobs in China? Chinese government is laying of jobs left right and center.China is in for tough times ahead.

China to lay off 1.8 million coal, steel workers - Newspaper - DAWN.COM

These job losses are there because China is shutting down excess steel capacity.

 

[sweetgrape]

When economy is in problem, billions of Yaun do evaporate.

Just calculate the market value of corporate China before the crisis to now. Corporate China lost more than 4 trillion in value.

The problem is you guys blindly believe in your government so much that you believe that your government can overcome or solve any problem. Controlling state controlled banks is one think and solving problems in a stock market is another. I knew that your government will not be solve it and I was right.

Hehe, so now, you say billions of Yuan evaporate because of China economy is in problem, Not stock market go down? good try,

if China lost more than trillion in valuse, so where the value to go? tell me? and you know the stock market go up from second half in 2014, the market vaule up fast, more than 4 trillion, tell me where the money from? the god?

We blindly believe in our government so much, can solve any problem? where did you get these, , what is your define of that China government can't solve the problem? bounce back to earlier high pot? you don't think China government is trying to solve the problem of the stock, make it more rational? don't make conclusion too early.

At last, if you say we are blind believe China government, I don't know how to describe you indian believe democracy and Modi. don't blindly believe in democracy, and don't be that too confident to make conclusion early, you really not know China, even economy you don't know, I also doubt that whether you really know your indian situation.

 

[Shotgunner51]

Exactly so. Common cultural heritage facilitates better communication and easy integration. And as you said, the characteristics of high IQ, meticulousness, and work ethic also ensures much more value added than immigrants from some distant, unrelated land.

China should further make itself a megnet for Northeast Asian talent, students and others.

On behalf of Shanghai let me say this to you: 歡迎香港台灣澳門同胞到上海
To Koreans: 상하이에 오신것을 환영합니다
To @Nihonjin1051 : 日本の友達みんなようこそ上海え

 

[oprih]

5% of South Korean entire population are now living in China, many of them illegally.



China created 12 million jobs in 2015, and India created 600,000 in the same year. Your concern seems to be misplaced.

Only 600,000 for india no wonder the huge majority of indians are suffering extreme poverty. Anyway China definitely is more attractive when it comes to looking for jobs since it has way more to offer compared to other countries.

 

[TaiShang]

Only 600,000 for india no wonder the huge majority of indians are suffering extreme poverty. Anyway China definitely is more attractive when it comes to looking for jobs since it has way more to offer compared to other countries.

In East Asia, China is the mecca of opportunity for the youngsters. That's my impression from lots of communication with many people across the region.

 

[Dungeness]

Only 600,000 for india no wonder the huge majority of indians are suffering extreme poverty. Anyway China definitely is more attractive when it comes to looking for jobs since it has way more to offer compared to other countries.

And that was the best year for India ever. 90% India's employments are in "informal sectors", meaning "day labor". When an Indian member worried about China's employment problem, it is just so comical.

 

[TaiShang]

And that was the best year for India ever. 90% India's employments are in "informal sectors", meaning "day labor". When an Indian member worried about China's employment problem, it is just so comical.

Still serves the purpose by making us smile slightly in the midst of the all the day's hard work.

 

[cirr]

On behalf of Shanghai let me say this to you: 歡迎香港台灣澳門同胞到上海
To Koreans: 상하이에 오신것을 환영합니다
To @Nihonjin1051 : 日本の友達みんなようこそ上海え

I seem to have more South Korean friends than Chinese friends here in Shanghai。

Is that a good sign？

 

[TaiShang]

I seem to have more South Korean friends than Chinese friends here in Shanghai。

Is that a good sign？

When I was in several cities in Shandong, some places felt very genuinely Korean. Beautiful!

 

[Jlaw]

In 1998-2000 under Premier Zhu Rongji, at least 6 millions state enterprise workers were laid off. 10 millions -30 millions workers related also got laid off. With limited foreign reserve and strong political pressure from West (including bombing of Chinese Yugoslavia Embassy, interception of Chinese cargo ship by US navy, WTO requirements), the situation was much and much more severe than current situation. However, after this restructuring, Chinese economy started to fly.

The current restructuring will shift Chinese economy to more consumer related and less dependent on trades. This will allow China to prepare for tough political situations including unifying war on Taiwan and SCS wars.

Shhhh...no need to tell the indian.....

 

[TheTruth]

When economy is in problem, billions of Yaun do evaporate.

Just calculate the market value of corporate China before the crisis to now. Corporate China lost more than 4 trillion in value.

The problem is you guys blindly believe in your government so much that you believe that your government can overcome or solve any problem. Controlling state controlled banks is one think and solving problems in a stock market is another. I knew that your government will not be solve it and I was right.

Focus on actually obtaining wealth in your country before commenting on how wealth affects economies.

 

[zheng2]

how stupid are they.
they can not even afford a toilet after 30 years work.I mean buy a house toilet liked small.
they can just earn 50K dollors a year at most but the house is 2 million at least

 

[TaiShang]

Focus on actually obtaining wealth in your country before commenting on how wealth affects economies.

That's their inherent problem; too much focus on others' problems (as they perceive it, real or not) and a lack of consciousness of the problems of their own.

An enemy pointing out your shortcomings is a good one, even 89% of what they say might not be empirically true.