China: A Billion Strong but Short on Workers – WSJ.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"KATHY CHU at WSJ reports: This year, service-related positions — such as those in retail, travel and leisure — for the first time will account for more of the country’s gross domestic product than industrial-sector jobs, J.P. Morgan Chase predicts. Government figures show the service sector created 37 million new jobs in the past five … <\/p>\n
Continue reading “China: A Billion Strong but Short on Workers | WSJ.com”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,5],"tags":[663,2204,3091],"class_list":["post-7687","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-economy","tag-china","tag-manufacturing-2","tag-service-sector"],"yoast_head":"\nChina: A Billion Strong but Short on Workers | WSJ.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China: A Billion Strong but Short on Workers | WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"KATHY CHU at WSJ reports: This year, service-related positions — such as those in retail, travel and leisure — for the first time will account for more of the country’s gross domestic product than industrial-sector jobs, J.P. 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Wages in the low-skill manufacturing sector are rising fast. On their current trajectory, they will double in the next five years. Low-skill jobs have already started to migrate elsewhere and will continue to do so. Public spending on education, at 3% of GDP\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4865,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/16\/labor-shortage-may-help-china-adjust-to-slower-growth-wsj-com\/","url_meta":{"origin":7687,"position":1},"title":"Labor Shortage May Help China Adjust to Slower Growth – WSJ.com","author":"Colin Twiggs","date":"July 16, 2012","format":false,"excerpt":"Reflecting the tight labor market, wage income for urban households rose 13% year-on-year in the first half, and average monthly income for migrant workers rose 14.9%, according to data from China's National Bureau of Statistics...... At current rates, China's private-sector manufacturing wages will double from their 2011 levels by 2015,\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8302,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/19\/u-s-manufacturers-gain-ground-wsj-com\/","url_meta":{"origin":7687,"position":2},"title":"U.S. Manufacturers Gain Ground | WSJ.com","author":"ColinTwiggs","date":"August 19, 2013","format":false,"excerpt":"James R. Hagerty reports: ....Boston Consulting Group -- a leading proponent of the idea that U.S. manufacturing will come roaring back -- predicts a surge in U.S. exports, partly helped by lower energy costs and stagnating wages. In a report for release Tuesday, BCG says rising exports and \"reshoring\" of\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3216,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/31\/china-pins-hopes-on-public-housing-wsj-com\/","url_meta":{"origin":7687,"position":3},"title":"China Pins Hopes on Public Housing – WSJ.com","author":"ColinTwiggs","date":"December 31, 2011","format":false,"excerpt":"One of the biggest public-housing projects in history will help determine whether China can remake its real-estate sector fast enough to prevent its economy from flaming out. China is in the midst of a crash program to build 36 million subsidized apartments by the end of 2015\u2014enough units to house\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12609,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/26\/global-fallout-from-chinas-industrial-slowdown\/","url_meta":{"origin":7687,"position":4},"title":"Global Fallout from China\u2019s Industrial Slowdown","author":"ColinTwiggs","date":"November 26, 2015","format":false,"excerpt":"From Mark Spiegel at the Federal Reserve Bank of San Francisco: The recent slowdown in China\u2019s economic growth has caused a great deal of concern, particularly among global trade partners that export to China. On November 3, China\u2019s President Xi Jinping announced that expected real GDP growth over the next\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40639,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/01\/30\/michael-pettis-the-china-shock-is-coming\/","url_meta":{"origin":7687,"position":5},"title":"Michael Pettis: The China Shock is Coming","author":"Colin Twiggs","date":"January 30, 2023","format":false,"excerpt":"https:\/\/youtu.be\/QcdPMOMS7N8 Michael Pettis is a professor of finance at Peking University in Beijing and one of the foremost Western experts on China, having lived there for almost two decades. He explains the Chinese growth model, why it no longer works, and the hard choices ahead. China's Growth Model China's growth\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"China Non-Financial Credit\/GDP","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-30-china-credit.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-30-china-credit.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-30-china-credit.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=7687"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7687\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=7687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=7687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=7687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}