New hiring and management practices could help China boost productivity in the economic uncertainty of the post-coronavirus environment.
"Companies want younger female employees because they can pay them less, work them harder and have fresh young faces around the office," Roseann Lake, author of the 2018 book "Leftover in China: The Women Shaping the World's Next Superpower."
That includes better allocation of labor, the World Bank and Development Research Center of the State Council, China's top executive body, said in a report jointly published in September. Titledthe report pointed out three necessary changes given expected declines in the working population: Right now, businesses are very conservative about expansion, which is why there's a need to increase demand for their products, Liu Xiangdong, deputy director of the economic research department at the Beijing-based China Center for International Economic Exchanges, said in an interview last month. That's according to a CNBC translation of his Mandarin-language remarks.
It was a totally different culture and systemic reality compared with the U.S., France and the U.K., said Long, whose clients have since included major Chinese and multinational companies. "Experience and potential were not enough to gain the trust and acknowledgement in China's talent market and society."
"China's actually a place where, as long as you work hard and you show you're committed, I actually think people can move relatively easier than you could in other places," Irene Hong, founding partner at investment bank CEC Capital, said in a phone interview last month. "I've seen people retool themselves. As long as you have the determination and the will, I think you can.
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