China needs Business Managers - Beijing Gets Involved

In two previous posts, I wrote that businesses in China are facing shortages on both ends. There are not enough workers AND there are not enough managers.

According to one consultant, only about 10% of Chinese candidates are qualified to work in such areas as finance, engineering and accounting.

China also has fewer than 5000 managers qualified to work for multinationals and more than 75,000 such jobs are expected to be created in the next 5 years alone!

Beijing realizes it, too, needs to do something. And they have, by initiating a few policies.

1. The government is loosening rules that prevent rural residents from moving to cities to work (but where will they live?)

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