(Taipei Central News Agency, the 11th) During the Lunar New Year, many workers in China are worried about whether they will be able to keep their jobs this year. A 42-year-old worker at an electric toothbrush company said the company’s sales had fallen by 30% over the past year, and life is very difficult, and frankly, 2024 may be even more difficult.
The Spring Festival is supposed to be a time for family reunions and joy, but many Chinese’s worries about work and the economic downturn have affected their mood during the New Year.
Deutsche Welle reported on February 10 that many Chinese workers are worried this year that their employers will not know when they will be notified or even asked to return to work.
A 42-year-old employee surnamed Wang, who works at an electric toothbrush factory, said business has not been very good in the past year. Most of the company’s products are exported to the United States and Europe. Last year, sales fell by 30%. He boarded a train in Shanghai. “I think life is more difficult than in previous years and may be even more difficult in 2024,” said a Henan train driver.
A 24-year-old woman surnamed Ni from Anqing City, Anhui Province works at a pet hospital in Shanghai. She said the company used to expand rapidly. After the COVID-19 epidemic, many branches were closed and employees were forced to leave. The salaries of other employees were also affected. As a result, the monthly salary of many colleagues was reduced by at least 1,000 yuan (approximately NT$4,400).
China lifted its lockdown after three years of the epidemic, but its economic growth last year was not as expected. Reports indicate that rising interest rates and increased foreign protectionism have reduced demand for Chinese products, leaving many Chinese factories locked in endless price wars to compete for a shrinking market.
In particular, China’s producer price index (PPI) fell for 15 consecutive months. Not only has this reduced corporate profit margins, but it has threatened workers’ incomes and jobs, posing a threat to the world’s second-largest economy, which is already reeling from the crisis. through the real estate crisis and the debt crisis. Adds another headache.
China’s economy grew by 5.2% last year, but young people out of work after graduation, property owners whose property prices have depreciated and workers whose incomes are lower than a year ago believe the economy is shrinking.
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Although Chinese officials have stepped up efforts to promote economic certainty in recent months to calm jittery financial and real estate markets, China’s official People’s Daily newspaper even published an article on February 2 that said “The whole country is permeated with an optimistic atmosphere.” . In this regard, the boss named Wu, who owns 6 ships and more than 10 employees and runs a small company dealing with earthmoving machines, has no motivation to look optimistically at the coming days of 2024.
He said that money is very scarce now, the economic situation after the epidemic is also very bad, in general, everyone is short of money, if you can’t get money, you won’t be able to make any investments in the new year. For him, one of the options for solving the situation may be closing the enterprise. (Editor: Tang Peijun) 1130211
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