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Employers more willing to hire in Q4

0 CommentsPrint E-mail Xinhua, October 7, 2009
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Employers in major Chinese cities showed "prominent" willingness to hiring in the fourth quarter this year as the economic recovery was well on track, according to a survey launched by a world leading employment service agency.

The poll was conducted by the Manpower Inc. among 4,216 employers which included state-owned, foreign-invested and private enterprises.

The survey showed 11 percent of the employers hoped to hire more in the last quarter, nine percentage points higher than the previous quarter, and one percentage points lower year on year.

However, the figure for the third quarter was ten percentage points lower from a year ago.

Employers in 12 major Chinese cities out of the total 13 surveyed showed "prominent" willingness to hiring. The southwestern city of Chengdu was the only exception, which saw a one percentage point drop.

Financial and real estate firms as well as export manufacturers are the most active employers backed by rebounding investment and exports, according to the survey.

Chinese economy growth slowed to 7.1 percent in the second quarter the global financial crisis sapped demands for Chinese exports.

Boosted by massive government investment and booming domestic consumption, the world's third largest economy is expected to meet its yearly target of eight percent growth.

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