400 Million Chinese --more than the population of the US....Britain..Germany live on 2 usd a day. That is less than 13 rmb. |
China's youth needs to be more altruistic to realise it's dream.
"Companies are looking for cheaper resources, cheaper land, cheaper labor in the home provinces, like in the rural remote provinces in China," Suki Chung, executive director, Labor Action China.
"Shenzhen is moving up the value chain," "A lot of the jobs now that are available at places like Huawei (the telecommunications giant) ... you're seeing a lot of folks who graduated from 'dazhuang,' which is the vocational colleges of China, coming to Shenzhen instead of folks who have dropped out of high school perhaps or just come right off the farm."
As China moves from an export-driven, investment-led economy toward domestic consumption growth, the nation depends on the rising buying power of its workforce.
Still, "400 million people in China still live on less than $2 a day," Schmitz said.
"(China) is going to experience slower growth. Slower growth probably means fewer job," Schmitz said. "I think there are a lot of threats that lie ahead."