China’s economy has entered a new normal phase, shifting gears from high-speed economic growth to a medium-to-high speed. Weakened production will slow demand for labor and employment. During an economic adjustment and digestive period for stimulus policies, the infrastructure of labor supply and demand will adjust to address excess capacity, eliminating backward production capacity and promoting energy conservation and emissions reductions. This will inevitably lead to the short-term pain of structural unemployment and an increasing number of issues within the labor market.
