ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

China employers bullish on hiring and pay as Hong Kong feels chill

Politics and COVID loom over city, research shows, as other Asian markets rev up

Beijing's central business district: A survey found 55.6% of mainland China employers intend to increase their head counts in 2021.   © Reuters

SINGAPORE -- Employers in mainland China and Hong Kong are sharply split over plans to hire more workers and fatten paychecks this year, as companies across the Asia-Pacific region reassess their outlooks amid COVID-19 vaccination campaigns.

A new poll by international recruitment agency Michael Page found 55.6% of mainland China employers intend to increase their head counts in 2021, with only 13.2% planning to scale back and rest holding steady. This suggests they are the most bullish in Asia -- no surprise given China's aggressive moves to stamp out the virus and spur the economy.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more