Hard times ahead in Shanghai
By Wang Zhenghua | China Daily | Updated: 2008-12-31 07:47
SHANGHAI: The jobs market here is currently stable but the effects of the global economic slowdown will be clear to see in the early part of next year, a spokesman for the municipal government said yesterday.
Speaking at a news briefing, Chen Qiwei said the hardest time has yet to come, and a close watch will have to be maintained on employment.
"The pressure on the sector is expected to reach its climax in the first half of next year," he said.
Photo