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13/05/2020

Xinhua Headlines-Xi Focus: Xi stresses achieving moderately prosperous society in all respects

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, learns about poverty alleviation efforts at an organic daylily farm in Yunzhou District of Datong City, north China’s Shanxi Province, May 11, 2020. (Xinhua/Li Xueren)

— Xi stressed addressing the difficulties faced by enterprises in resuming production and operation.

— Xi underscored lifting the remaining poor population out of poverty.

— Xi required implementing pro-employment policies.

TAIYUAN, May 12 (Xinhua) — Chinese President Xi Jinping has stressed efforts to complete building a moderately prosperous society in all respects, and ride on the momentum to write a new chapter in socialism with Chinese characteristics for a new era.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks during an inspection tour in north China’s Shanxi Province.

Xi called for efforts to overcome the adverse impacts of the COVID-19 epidemic and make greater strides in high-quality transformation and development to ensure that the target of poverty eradication is reached and the building of a moderately prosperous society in all respects is completed.

During the tour from Monday to Tuesday, Xi inspected work on coordinating the regular epidemic response with economic and social development, and on consolidating the poverty eradication results.

While visiting an organic daylily farm in Yunzhou, Datong City, on Monday, Xi said what he cares about the most after poverty eradication is how to consolidate the achievements, prevent people from falling back into poverty, and make sure rural people’s incomes rise steadily.

He said an important benchmark to evaluate an official’s job performance is to see the amount of good and concrete services he or she has delivered to the people.

When visiting a community of relocated villagers, Xi said relocation is not only about better living conditions but also about chances to get rich. He called for follow-up support to residents with tailor-made rural business projects to ensure sustainable development.

Highlighting that whether the people can benefit shall be a top concern, Xi demanded more supporting policies be put in place in terms of industrial development, financing, agricultural insurance, among others.

Xi applauded the strenuous efforts made by primary-level officials on helping people fight poverty.

At the home of villager Bai Gaoshan, Xi chatted with Bai’s family as they sat on a “kang” — a bed-stove made out of clay or bricks in north China.

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, learns about poverty alleviation efforts in a village of Xiping Township in Datong City, north China’s Shanxi Province, May 11, 2020. (Xinhua/Xie Huanchi)

Xi said the CPC wholeheartedly seeks happiness for the Chinese people, having stopped collecting agricultural taxes and fees, helping the impoverished rural residents with housing and medical service, training them with skills, and finding ways for them to live a prosperous life.

“I believe our villagers will enjoy better days ahead,” Xi said.

On top of that, he called for consolidating achievements in poverty alleviation, and then focusing on rural vitalization to ensure a better life for rural residents.

He then went on to visit the 1,500-year Yungang Grottoes, a “treasure house” of artifacts featuring elements blending Chinese and foreign cultures, as well as cultures of China’s ethnic minorities and the Central Plains.

Xi stressed that historical and cultural heritages are irreplaceable precious resources, and protecting them should always be put in the first place in tourism development.

Noting that tourism should not be over-commercialized, Xi said tourism should become a way for the Chinese to understand and appreciate the culture of the nation and enhance their cultural confidence.

The historical implications of communication and integration behind the Yungang Grottoes should be further explored to enhance the sense of community for the Chinese nation, said Xi.

During a research tour in a stainless steel manufacturer in the provincial capital Taiyuan on Tuesday morning, Xi said products and technology are the lifeline of businesses, calling for more efforts in technological innovation to make a greater contribution to the development of advanced manufacturing.

He also called on businesses to strictly implement epidemic prevention and control measures to ensure the safety and health of their workers, while promoting the resumption of work and production to make up for the time lost.

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, waves to workers during a research tour in a stainless steel manufacturer in Taiyuan, capital city of north China’s Shanxi Province, May 12, 2020. (Xinhua/Li Xueren)

Later on, Xi went to check the ecological protection work of the Fenhe River in the city, and urged the incorporation of environment protection, energy revolution, green development, and economic transformation.

After hearing the work reports of the CPC Shanxi Provincial Committee and the provincial government on Tuesday afternoon, Xi stressed that no relaxation is allowed in epidemic prevention and control, noting that efforts should be made to guard against both imported infections and domestic rebounds, improve regular prevention and control mechanism, and prevent new outbreaks.

Xi called for efforts on more promptly and effectively addressing the difficulties faced by enterprises in resuming production and operation, on solid implementation of all the policies and measures for expanding domestic demand, and on strengthening the competitiveness and quality of the real economy, especially the manufacturing industry.

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, speaks with workers during a research tour in a stainless steel manufacturer in Taiyuan, capital city of north China’s Shanxi Province, May 12, 2020. (Xinhua/Xie Huanchi)

Continuous efforts should be made to promote the adjustment and optimization of China’s industrial structure, and scientific and technological innovations should be greatly enhanced to continue achieving breakthroughs in new infrastructures, technologies, materials, equipment as well as new products and business models, Xi said.

He stressed overcoming the difficulties and obstacles facing reforms in key areas, including state-owned enterprises and assets, the fiscal, tax, and financial system, business environment, the private sector, domestic demand expansion, and urban-rural integration.

Xi also highlighted efforts to improve the country’s system and mechanism for opening-up.

China will uphold the concept that lucid waters and lush mountains are invaluable assets, and steadily implement the national strategy for ecological protection and high-quality development of the Yellow River basin, he said.

More should be done to accelerate institutional innovation and strengthen the implementation of institutions to help form a green way of production and living, he said.

Efforts should be made to solidify the foundation for the development of agriculture and rural areas, beef up policy support for grain production and lift the remaining poor population out of poverty, Xi said.

Authorities should adhere to the people-centered development philosophy and ensure the bottom line of people’s livelihood, Xi said. He added that efforts should be made to implement pro-employment policies and facilitate the employment of key groups such as college graduates, veterans, rural migrant workers and urban people facing difficulties.

Efforts should be expedited to improve the weak areas in the public health system exposed by the epidemic and shift the focus of social governance to the primary levels, Xi said.

The rich and colorful local history and culture as well as revolutionary cultural resources should be fully drawn on and used to promote cultural advancement, Xi said.

He stressed consistent efforts to promote core socialist values to guide Party cadres as well as the public to enhance morality, cultivate good ethics and strengthen cultural confidence.

Xi also called for efforts to improve the Party’s political ecosystem, strictly observe the Party’s political discipline and rules and fight against corruption and undesirable conduct.

Source: Xinhua

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18/04/2020

Class of 2020: a lost generation in the post-coronavirus economy?

  • Young people starting out in the jobs market face a hit to their prospects that could endure years after the Covid-19-induced downturn has run its course
  • A generation of angry youth raises the spectre of political instability

Freelance filmmaker Anita Reza Zein had grown used to jam-packed production schedules requiring her to put in long hours and run on little sleep. Until Covid-19 struck.

Today, the talented Indonesian is suddenly free. With five projects on hold and many more potentially cancelled, she now spends her time working on a personal project, doing research for her work and occasionally going for a ride on a bicycle.

“I feel calm and patient although I’m jobless. Maybe because it’s still the third week [of social distancing] and I still have enough savings from my previous work,” said the 26-year-old, who is from Yogyakarta. “But I imagine life will become tougher in the next few months if the situation gets worse.”

Like her, millions of youths are now part of a job market in Southeast Asia that has been ravaged by the coronavirus pandemic. They are the unlucky cohort of 2020 whose fortunes have changed so drastically, so quickly.

Freelance filmmaker Anita Reza Zein now spends most of her time at home as her projects have all been frozen due to the spread of Covid-19. Photo: Anita Reza Zein
Freelance filmmaker Anita Reza Zein now spends most of her time at home as her projects have all been frozen due to the spread of Covid-19. Photo: Anita Reza Zein
Just three months ago, many eager graduates were about to partake in a strong economy and possibly land decent pay cheques.
Today, job offers are being withdrawn and hiring halted, leading to a spike in regional youth unemployment in the short term. In the long term, the effects on the Covid-19 cohort could lead to wider social and political problems.
JOB MARKETS SHUT
The virus’ impact on economies and the job market in the region has been swift and devastating. Borders have been slammed shut, workers ordered to stay at home, and thousands of companies closed every week.

The biggest problem is the lack of certainty about how long this will last – the longer the governments keep their countries on lockdown, the worse the economic impact.

In Indonesia, for example, the virus has caused almost 2.8 million people to lose their jobs, according to the Manpower Ministry and the Workers Social Security Agency. Likewise, in Malaysia, an estimated 2.4 million people are expected to lose their jobs, going by data from the Malaysian Institute of Economic Research (MIER).
Thailand

is bracing itself for a 5.3 per cent contraction in GDP for the full year, the worst since the Asian financial crisis in 1997.

“We think about seven million jobs have been lost already, and the figure will hit 10 million if the outbreak drags on for two to three more months,” said Kalin Sarasin, council member and head of the Thai Chamber of Commerce.

Lockdown for 34 million people in capital Jakarta as Indonesia fights surge in coronavirus deaths
For young jobseekers, the outbreak of the Covid-19 pandemic could hurt even more, with companies unwilling to open up new jobs for them.

“My clients who were open to fresh graduates previously have realigned searches [for candidates] who have at least one year of experience, as it’s a lot faster for someone with experience to scale up quickly and contribute,” said Joanne Pek, a recruiter at Cornerstone Global Partners’ Singapore office.

For many small and medium-sized enterprises (SMEs) such as Singapore-based restaurant chain The Soup Spoon, saving jobs – rather than recruiting – is the priority.

“We don’t want to let anyone go during this period, so we’re focused on protecting jobs,” said co-founder and director Benedict Leow, who employs some 250 workers.

THE COVID-19 COHORT

The looming economic downturn could have distinct consequences for the Class of 2020 that will outlast the economic downturn itself.

For one thing, the paucity of jobs could result in the Covid-19 cohort becoming a “lost generation” of sorts, said Achim Schmillen, a senior economist at the World Bank Social Protection and Jobs Global Practice.

“Research from around the globe shows that graduating in a recession can have significant and long-lasting impacts that can affect the entire career. In particular, it can lead to large initial earnings losses which only slowly recede over time,” he said.

Coronavirus: why there’s no quick fix for a Covid-19 vaccine

12 Apr 2020

Economics professor Jeff Borland of the University of Melbourne said that international studies showed that what happened to people when they first entered the labour market would affect them for the rest of their working lives.

“Many international studies have shown that trying to move into employment during a major economic downturn cuts the probability of employment and future earnings for a decade or more.

“Why this occurs is less well-established. Reasons suggested include being forced to take lower-quality jobs, losing skills and losing psychological well-being,” he said in a piece published on The Conversation website.

Malaysia sets up Covid-19 test zones in the capital to hunt for ‘hidden’ coronavirus cases

This could create “lasting scarring” on the graduates this year, said labour economist Walter Theseira.

“If their careers start badly, it would affect their earnings for a number of years because they would lack the same experience as peers who started in a more secure position,” the associate professor of economics at Singapore University of Social Sciences said.

Shrinking salaries and the downsizing of companies mean that graduates might have to seek out professions outside their areas of study to survive, said Grace Lee Hooi Yean, head of the Economics Department at Monash University, Malaysia.

She said youth unemployment in the country, which stands at 11.67 per cent, could rise sharply.

“This looming crisis could trap a generation of educated and capable youth in a limbo of unmet expectations and lasting vulnerability if the graduates are not ready to face reality and adapt to the new challenges,” she said.

How long will a coronavirus vaccine take? A Q&A with Jerome Kim

12 Apr 2020

This is fast becoming the reality for final-year medical student Rebecca K. Somasundaram, who has been left without a job due to the pandemic.

After being offered a residency programme at a top specialist hospital in Kuala Lumpur, she was notified a month ago that her placement had been made void until further notice. This has thrown the 24-year-old’s plans into disarray as she was hoping to enter the workforce soon to pay off her student debts. Her plans to get married next year have also been put on hold temporarily.

“I am in constant talks with the hospital to see if there is any way I can join them soon but seeing how things are unfolding so quickly, I am slowly losing hope,” she said.

Over in Indonesia, the pandemic will trigger job losses on a national scale. To combat this, the government would need to introduce strong fiscal measures and beef up its social protection policies, said the country’s former minister of finance Muhamad Chatib Basri.

Many people on lower incomes tend to work in the extraction industry, such as mining and palm oil, and these are the first industries hit due to the global slowdown.

“The rich will be able to brave the storm, but the poor have no means to do so,” he said.

Singapore migrant workers under quarantine as coronavirus hits dormitories
SPECTRE OF 1997
With partial lockdowns imposed in the capital of Jakarta, more needs to be done to ensure that vulnerable citizens have access to food and financial support.
Without government intervention, economic woes could soon translate into political instability, a scenario last seen in the Asian financial crisis.
In 1997, waves of discontent sparked racial riots in Indonesia that toppled the country’s long-time strongman Suharto, while in Thailand a political crisis created the conditions for populist leader Thaksin Shinawatra to rise.
Rising discontent could have serious implications at the ballot boxes, warned Basri, who said young voters were a key voting bloc for President Joko “Jokowi” Widodo.
Coronavirus: food security, Asia’s next battle in a post-Covid world
6 Apr 2020

In last year’s general elections, Jokowi proved a hit among the lower-educated youth who had benefited from the creation of largely unskilled jobs during his tenure.

“With more young people expected to become unemployed in the coming months, things will only get worse from here,” said Basri, who added that the country’s youth unemployment stood at almost 20 per cent in 2018.

Indonesia, which has 268 million people and is Southeast Asia’s largest economy, had 133 million workers as of last August, according to official data.

Close to 10 per cent or about 12.27 million are university graduates but among this group, about 5.67 per cent or some 730,000 were unemployed. This was higher than the country’s overall unemployment rate at that time, which was 5.28 per cent.

‘Ghosts’ deployed to scare Indonesians into staying home to slow spread of the coronavirus
GETTING IT RIGHT
Economists say, however, that all is not lost. Much will depend on policy and how governments focus on battling the virus on the public health and economic fronts. They point to Singapore, which has launched a robust response to the crisis.
On April 6, the Singapore government announced its third budget in two months to help companies and households tide over the crisis. In all, Singapore’s total stimulus package, which aims to save jobs and keep funds flowing to companies, will cost the government a massive S$59.9 billion (US$42 billion).
The Singapore government was also preparing for a labour market that would be reluctant to hire fresh graduates on a full-time basis, said Theseira.
“There are plans to implement large-scale subsidised traineeships, which may be more palatable to companies which are worried about taking on permanent headcount this year,” he noted. “As the economic situation improves, they can be converted to permanent positions.”
The next coronavirus: how a biotech boom is boosting Asian defences
4 Mar 2020

While jobs were being created for fresh graduates, many would still have to temper their expectations, such as taking jobs with lower starting pay, said DBS Bank economist Irvin Seah.

“There are still some jobs to go around. There are still some companies that may need workers. But they will need to be realistic,” he said.

For instance, despite the downturn, Singapore telco Singtel expects to recruit over 300 fresh graduates for various permanent positions this year, according to Aileen Tan, the company’s Group Chief Human Resources Officer. Many of the new hires will be in new growth areas such as the Internet of Things, analytics and cloud.

The Singtel Comcentre building in Singapore. Photo: Roy Issa
The Singtel Comcentre building in Singapore. Photo: Roy Issa
Other companies that continue to hire include those in tech across the region, including e-commerce giant Shopee, food-delivery service Foodpanda and Amazon.
In Australia, Borland suggested helping young people to remain plugged into the labour market through government-funded paid internships, or even offering them loans to go for further studies and prevent a spell of unemployment.
For now, while some young jobseekers are taking a wait-and-see approach, the reality is hitting hard for others.
Final-year National University of Singapore student H.P. Tan had all but secured a job at a public relations firm last month, after three rounds of interviews.
The Faculty of Arts and Social Sciences undergraduate was rejected via an email from the agency, which said that they could no longer hire after Covid-19 started to drastically cut business.
“When I got that rejection, it was a turning point. I didn’t think I would be directly impacted,” said the 23-year-old.
“I also applied to a few other agencies but the response has been slow, so I am now freaking out at the possibility of not being able to find a job after graduation.”
Source: SCMP

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