"China's Job Pressure Worsens as Manufacturing Struggles Persist"

China's job market is facing increasing pressure with pay cuts, layoffs, and limited opportunities, exacerbated by international instability and economic challenges. The private sector, accounting for a significant portion of the country's GDP and jobs, has been particularly hard hit, leading to a fundamentally unstable employment environment. As the job market continues to worsen, more jobseekers are turning to flexible and gig work, while a record-high number of college graduates are expected to enter the crowded job market this year. The pressure on the job market is expected to persist in 2024, prompting some jobseekers to look abroad for work.