Lackluster hiring in China as economy struggles to reach full recovery, data shows – CNBC
BEIJING Chinese businesses are letting go of more workers than they are hiring, even though the economy is seeing some recovery from the pandemic, official data showed Monday.
That’s based on a survey from the National Bureau of Statistics, which polls businesses on how their operations have changed from the prior month, and compiles the responses into two Purchasing Managers’ Indexes one for manufacturing and one for services.
Part of the indexes reflects whether businesses are hiring more workers,…
