Labour market keep occupying high rate in China

Labour market keep occupying high rate in China

As the large population in China, the labor force is also in adquate and now become the biggest economic advantages in international market. Seen from China plant, which is also benefit from it , has been in favorable stuation for a long time. China's working-age population fell last year as a proportion of the total, according to figures released by the National Bureau of Statistics last week. Chinese aged 15-64 represented 74.4% of the population in 2011, compared with 74.5% the year before. The statistic prompted one or two stories speculating about the end of cheap China.
Therefore the manufacture industry has employed a large number of labor resource, which once reduced the job hunting stress greatly. China mining machinery and plant is the main foundamental production field. China's dependency ratio (the number of Chinese not of working age as a percentage of those who are) is still low, compared with its past or its peers. It was lower in 2011 than in any recent year except 2010. It was also lower than the ratio in all but five countries, according to UN figures.
This is largely because China's one-child policy restricts the number of young dependants a family can add. (The ratio of elderly Chinese, relative to those aged 15-64, has been rising steadily since the mid-1960s.) The one-child policy has kept China's dependency ratio artificially low, but it has also begun to slow the flow of new entrants into the workforce. The number of 15-29 year olds--the nimble-fingered youngsters who man China's assembly lines, stitching, twisting, fixing and stamping--peaked in 2011 at 326.6m, according to UN estimates. That number will fall this year, the UN projects.
Another telling statistic was divulged by the NBS earlier in the week. It noted that the number of migrant workers (living outside their home province) increased by 3.4% last year. That's a slower rate of increase than the 5.5% recorded in the previous year. As a consequence perhaps, the income of migrant workers rose by 21.2%, the NBS reckons, to 2,049 yuan a month. If true, that's an extraordinary surge. The average increase from 2005 to 2010 was only about 14.1%. Some migrants, at least, had good news to boast about on their return home for the Spring Festival holiday.
In my view, the situation will be maintained and present better trend. With the vigiriously development of machinery line, large workers are needed.