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Guangming Daily: Survey Says 80 percent of Haigui Feel They Are Underpaid
Guangming Daily published an article reporting on a recent survey of Haigui [Chinese language slang term for Chinese people who have returned to mainland China after having studied abroad]. According to the results of the survey, 80 percent of Haigui felt that their salaries were below their expectations. In 2014, close 1.8 million people returned back to China after studying abroad, which accounted for 51.4 percent of the total who left China to study abroad. The survey showed that most of the Haigui found jobs in large cities, including Beijing, Shanghai, Guangzhou, and Shen Zhen. Those in the banking and financial industry amount to 14.3 percent, while the rest are spread over retail, real estate, and internet industries. Few are in new technology or in culture industries. The survey found that the overall job satisfaction of the Haigui is low. Close to 39.5 percent change jobs within the first two years and 28.8 percent change jobs between three to five years. They also need time to adjust to the domestic job market as well.
http://economy.gmw.cn/2015-08/21/content_16755740.htm
People’s Daily: China Has an Excess of Commercial Real Estate
People’s Daily published an article which reported that, during the recent 2015 Boao Real Estate Forum in Hainan, experts attending the forum concluded that the Chinese market has an excess of commercial real estate. The article said that it is a difficult situation that will last for a long period of time. Everyone must accept it and be ready to endure the resulting consequences. According to the article, in Tianjin, at least five shopping malls and department stores closed in the past six months. The empty spaces had to be rented out as business buildings. Some of them are on a month to month basis at only 80 yuan (US$12.52) per square meter. In Chongqing, the vacancy rate of the shopping centers is at 10.2 percent. The article stated that the weak consumer market has affected the vacancy rate, with the growth rate falling behind the newly developed commercial shopping centers. Some of the vacancies resulted when the centers tried to bring in improper store brands.
Source: People’s Daily, August 23, 2015
http://house.people.com.cn/n/2015/0823/c194441-27502236.html
People Daily on Party Organization Development on College Campuses
People’s Daily published an article on the development of Party organizations in colleges in China. According to the article, by June 30, 2014, there were over 90,000 student organized Party branches and 90,000 faculty organized Party branches in colleges in China. The article stated that some college Party organizations lack activities and events to attract new members, while other colleges appoint those who don’t have “high credentials,” such as those with top academic ranking and education, as the leader for the Party branch office. Meanwhile, Party development work in colleges faces a new challenge as more and more young professors are Haigui [Chinese language slang term for Chinese people who have returned to mainland China after having studied abroad]. According to the article, “It is a new task for the Party in terms of how to develop Party members among the talented youth and the elite and to rally them around the party.” The article also mentioned a few colleges and shared their experiences on how they have developed Party members at the grass roots level on campus.
http://edu.people.com.cn/n/2015/0823/c1006-27502078.html