Despite a bleak Chinese job outlook, positions for overseas workers are rising as businesses tap new markets

Chinese workers are looking further abroad to secure roles with numbers of overseas positions rising. Photo: Shutterstock Both, however, are keen to use his expertise overseas, a trend that has been rising due to Beijing’s “going global” ambition to secure material supplies, tap new markets or bypass tariffs imposed by the United States. The 28-year-old’s first job offer comes from a large state-owned enterprise to work as a manager for its infrastructure projects in Russia. The compensation for relocating to the cold northern neighbour would be an above-average salary, a “quite generous” bonus and a “promising” career path. The other offer is for a role in Europe promoting new energy storage for a private firm. Liu, who majored in Russian and international trade, has already spent several years on business trips across the world to promote Chinese-made medical devices. In China, the current outlook for the job market is quite gloomy; many firms are downsizing their domestic workforce amid the economic slowdown , while a record high of 11.7 million new graduates are expected in 2024. But despite this, overseas vacancies for Chinese workers are rising. The reasons behind China’s high youth unemployment rate 11:11 The reasons behind China’s high youth unemployment rate China’s non-financial outbound direct investment rose 12.7 per cent year on year to US$115.7 billion in the first 11 months of 2023. The investment in countries involved in the Belt and Road Initiative rose 20.7 per cent from a year earlier to US$28.6 billion. Daily, Monday to Friday China at a Glance Newsletter Your daily must-read of essential stories from China, including politics, economy and current affairs. By submitting, you consent to receiving marketing emails from SCMP. If you don’t want these, tick here By registering, you agree to our T&C and Privacy Policy According to […]

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