Lu Hai, Professor at Peking University, who organised a recent survey under a joint project between Peking University’s Guanghua School of Management and Zhaopin, one of China’s largest hiring platforms, revealed (March 25) that job openings in China for the first two months of 2020 dropped by more than 30% as the coronavirus epidemic severely disrupted economic activity. He did not reveal specific figures but said the hardest-hit sectors included media, entertainment, sports and services, all of which saw job openings fall more than 40% year-on-year in the first two months of 2020. They were trailed by the IT, telecom, and internet sectors, where new job advertisements dropped by over 30%. He said the energy, mining and environmental protection sectors have been relatively mildly impacted, with job openings for the first two months dropping less than 20%. Smaller firms have been hit much harder than big companies. Firms with staff of more than 10,000 advertised 15% fewer job openings, compared to 40% for firms with less than 20 staff, and 30% for companies with staff between 20 and 99 employees.
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