Briefings - 70. page

There were a record high number of applicants taking this year’s Chinese Civil Service Exam, known as the Guokao. Over 3 million Chinese signed up to take the test, competing for a limited number of job positions the government sector.

On average, there were over 70 candidates competing for every single available position. The most competitive position had 3,572 applicants vying for just 1 opening. Many netizens commented that civil service jobs have become the only viable route for college graduates amid China’s weak economy and grim employment outlook.

Experts say the surge in Guokao applicants is likely tied to post-pandemic economic and hiring difficulties facing China’s private sector. With restaurants forced to slash prices to retain customers and other businesses shutting down, civil service jobs are extremely appealing; they offer stable income and good benefits for life. Some have argued, however, that top talent should not join the government bureaucracy and should instead create value in the private economy.

While economic factors would seem to explain this year’s record high number of exam takers, one researcher cautioned that deeper analysis of candidates’ backgrounds is needed. The increase could also be a “lag effect” from China lifting its zero-COVID policy in 2023.

Besides the record number of Guokao applicants, another noteworthy trend was a reduction in the number of applicants to study at Chinese graduate schools. Chinese youth may now be prioritizing civil service jobs, with all their attendant benefits, over further studies in academia.

Source: Deutsche Welle, November 27, 2023
https://p.dw.com/p/4ZTPO

Taiwan’s Central News Agency reported that respiratory illnesses like mycoplasma pneumonia are currently surging across China, leading to overflowing pediatric wards. Many students are taking sick leave from school. In some areas, nearly half the seats in classrooms are empty, and some schools have temporarily suspended classes entirely due to the high rate of absences.

In Jinan, one parent reported that nearly 50% of the approximately 50 students in their child’s class were out on leave. In Hangzhou, over 20 students in one 36-student elementary school class had fevers, leading to a 2-day class suspension. A Shaoxing elementary school saw over 5 students with fevers above 38 C in one class, prompting a 4-day suspension. An entire class in Taizhou also suspended for 5 days due to students taking leave.

Children are presenting with high fevers upwards of 40C (104 F). The spread of influenza, rhinovirus, Mycoplasma pneumonia, respiratory syncytial virus, adenovirus and other pathogens is hard for parents and students to prevent. Some students have returned from leave only to fall ill again with another virus.

Hospitals have been inundated with pediatric cases. Some images have surfaced on social media of children do their homework while receiving IV treatments. Meanwhile, some localities have prohibited teachers from mandating homework completion for sick students and have advised ill teachers and children not to attend school.

Experts predict that this wave of respiratory disease could continue for some time before improving in the spring when warmer weather arrives. The simultaneous circulation of multiple viruses is making it difficult to accurately forecast the end of the surge.

Source: Central News Agency (Taiwan), November 28, 2023
https://www.cna.com.tw/news/acn/202311280381.aspx

Radio Free Asia (RFA) reported that China’s Ministry of Commerce  has released data on foreign direct investment (FDI) in China. Nationwide FDI was RMB 987.01 billion for the first ten months of this year, a year-over-year decrease of 9.4 percent. The decline expanded from the 8.4 percent over the previous nine months, and was the fifth consecutive month of continuous decline.

Foreign investors are pulling more money out of China than they put in. This is happening through repatriation of profits, repayment of intra-company loans, and the sale of assets. The trend reflects that foreign businesses are disillusioned with China’s economic prospects and policy climate.

Some analysts expressed the belief that Xi Jinping’s national security policy has caused a large-scale flight of foreign capital, and that the situation will be difficult to change in the short term. With national security remaining Beijing’s top priority, the downward trend in foreign investment will likely not change any time soon, even if the Chinese government were to launches a gesture promoting foreign investment. China currently faces many economic challenges in many areas, including taxation, technological upgrades, rapid withdrawal of foreign investment, a surge in unemployment, stagnant growth, and decline in international cooperation. These are all dangerous signals regarding the Chinese economy.

China’s high-tech, medical equipment and high-end instrument industries are not doing too poorly in terms of foreign direct investment. Investment into the service industry, however, has taken a big hit, declining by 15.9 percent. The service industry is responsible for more of the country’s employment and accounts for a greater share of GDP than China’s manufacturing sector.

Just a short while ago, China announced that third-quarter foreign investment (in U.S. dollars) was negative for the first time, with a deficit of US$11.8 billion. Meanwhile, the most recent announcement by China’s Ministry of Commerce reported a positive number for foreign direct investment, denominated in RMB. Although calculation using RMB resulted in a positive number, actual U.S.-dollar-denominated foreign direct investment has been negative. The Chinese Ministry of Commerce has not released FDI data measured in U.S. dollars since August this year.

Source: RFA, November 20, 2023
https://www.rfa.org/mandarin/yataibaodao/jingmao/hx1-11202023101220.html