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MNI China Press Digest March 14: Jobs, Reforms, Visas

MNI (BEIJING)
(MNI) Beijing

Highlights from Chinese press reports on Tuesday:

  • China’s labour market faces pressure from structural issues such as a shortage in skilled and general workers, as well as a record number of inexperienced college graduates, according to Guan Tao, former Director at State Administration of Foreign Exchange (SAFE). Guan said an economic recovery on the back of a rebound in consumer demand should help increase employment opportunities in the service industry, but people's willingness to consume had been damaged by a tough labour market over the past few years. Guan believes GDP growth will probably exceed 5% this year.
  • Following Premier Li Qiang’s strong endorsement of the private sector at his first press conference held on Monday, Beijing needs to enact new reforms to secure the healthy development of the private sector, according to the 21st Century Herald. Compared with state-owned enterprises (SOE), private firms still face restrictions in terms of financing and industry access. The paper notes during this year's two sessions, many representatives called for reforms of laws and regulations for private enterprises to protect the private economy and entrepreneurs in order to boost confidence and ensure the healthy development. The government needs to improve its administrative efficiency, enhance protection of property rights, and harmonise treatment for private firms, the paper said.
  • China will lift remaining Covid pandemic era restrictions on issuing visas to foreigners to facilitate exchanges between Chinese and foreign personnel, according to a statement on China’s US Embassy webpage. The new measures come into effect on March 28 and will see tourist visas issued for the first time since restrictions were introduced during the pandemic. Visa-free policies to Hainan, Shanghai, and ASEAN tourist group entry into Guilin will also be restored, according to the statement.


MNI Beijing Bureau | lewis.porylo@marketnews.com
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MNI Beijing Bureau | lewis.porylo@marketnews.com
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