China job market sentiment still gloomy post-zero-COVID: poll

Depositors more keen to save than spend, but travel a bright spot

20230404N Beijing market

Visitors on Beijing's Qianmen Street. Uncertainty over the Chinese job market has cast a pall over consumer spending. © Reuters

IORI KAWATE, Nikkei staff writer

BEIJING -- The end of the Chinese government's zero-COVID policy in January has made only a small dent in the country's tough job market, a quarterly survey by the People's Bank of China suggests.

A total of 41.2% of roughly 20,000 urban depositors surveyed in the January-March poll said finding employment was difficult or they felt "unsure," up 4.6 percentage points from a year earlier, according to results released Monday.

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