The second largest economy in the world right now can be the next biggest source of job opportunities
for the current generations of newly-grads and the un-employed. That's because the current business climate in the country enables businesses to prosper and enable new entities as well to set up base in China.The result is, of course, millions of jobs for those who are seeking career and employment.
But the current status of the country as the second largest economy in the world and the biggest one in Asia didn't come overnight. Rather the status of the country was achieved after some steps was introduced and made by the government. One major thing that was undertaken by the Chinese government way back then was the opening up of the economy in 1979. The moment the economy was opened, the development of many sectors in the country has skyrocketed. To make the businesses in the country prosper and spur employment, the country adopted the five-year plan strategy for economic development, and the government adopted as well the 11th Five-year plan for development.
The direction of the country to become a leader and to be competitive was sketched well in the Three Step Development Strategy that was developed in 1987. The step one of the plans was to make sure that the people will have clothing and food. The next step was to make sure that the 1980 GNP can be quadrupled by the end of the 20th century. And the step three of the plan is to increase the per capita GNP and make the figure line up with the figures submitted by medium-developed countries.
And to complement these moves made by the government, the government also made sure that the regions were developed so as to solve the inequalities. At the end with these measures in place, the country has become a choice for most businesses. Though it may seem that it's smooth sailing for the country, a closer inspection will reveal that the country has experienced some labor shortage. The strong demand for labor was because workers in the province were able to choose their jobs away from the boring factory work in most Chinese provinces. The labor shortage that was partly driven by demographic trends will look good for other countries with a high un-employment rate as these countries can send their manpower. That kind of labor shortage was a welcome development for people who are seeking China jobs. But the majority of the salaries offered in the sector are low.
If a person may want a top paid jobs, then make sure that the industry is highly rated and known in China. For example, the person may want to look at the steel and the automotive industry in China. A career can be made from these sectors as these sectors are fast-growing. China is considered as the largest producer of steel in the world and the country as the world's third largest automobile producer in the world. Surely based on all these facts a employment opportunities
in China can be yours if you only seek it.
Why seek business opportunities in China? There are some reasons why people should stop and take notice. Based on records that are available the Peoples Republic of China is considered as the second largest economy in the world after the United States.
The estimated gross domestic product of China amounted to $7 trillion if this is measured by using the purchasing power parity. Now being the second largest economy in the world may have its pros and cons, but certainly the number of pros far outweighs the cons.
If the economy of China is so huge, then one thing that can be deduced from it is the fact that some employment opportunities
can be taken here. And the only way to get it is to know where it is and in what industry or sector. Now the country is blessed with rich natural resources, and some industries are seen in the country right now that help it grow in leaps and bounds.
But the two most important sector of the economy is agriculture and industry. These two are the traditional source of income and employment for the majority of the Chinese population. These two sectors of the economy employ more than 70 percent of the labor force of the country. The income that was sourced from these two sectors accounted for more than sixty percent of the country's GDP. These two sectors differ in many ways and are often seen as the ones that push the dichotomy between the rich and the poor. Even though it may happen, the participation of these two sectors have succeeded in employing the majority of the people in the country and helped other people from other countries gain employment as well.
Aside from these two booming sectors, the steps were taken by the government and its plans help ensure that the business climate in the country will be suited to those who are seeking employment and to those who may want to do business in China. Business opportunity did come in many forms when these government initiatives were put in place. One of the major steps done that made the country competitive and friendly to business entities is when the country was opened up in 1979. The moment the opening up of the economy was made official; the economy of the country has grown to record levels and has become steady ever since. To facilitate growth in the country and to encourage more business opportunities, the government adopted the five-year strategy for economic development and the more recent 11th Five Year Plan.
Steps like these that are made by the government have enabled the country to be more competitive and in the process making a China trade one of the most sought after trade out there. It is expected that the economy of the country will still grow and will continue to be the biggest in Asia. So for the businessman on the look-out for opportunities, certainly a China investment is part of the plan. Doing trade with a large economy like this country has its many benefits for sure.
Tweet us @laowaicareer