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Q1 recruitment increases 18%
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Companies in China have stepped up hiring in the first quarter, indicating a stable domestic economy, an online job hunting website said in a report today.
Job vacancies posted on Zhaopin.com increased 18 percent in the first three months from last year. The financial sector led the growth with a 48 percent increase while trade companies dragged the average down with 6 percent growth.
“Economic data in the past few months revealed slower growth than last year but industrial activities continued to expand and a mild recovery is on the way,” the report said.
The report said financial reform along with more collaboration between financial institutions and online firms will continue to fuel recruitment this year in the financial sector.
Private businesses increased hiring by 24 percent in the first quarter while state-owned and foreign companies posted a 2 percent dip in recruitment, the report said.
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