Sunday, April 05, 2026

ECONOMY_ China’s Economic Slowdown Hits Jobs, Wages, and Confidence (Michael Zhuang - THE EPOCH TIMES)

THE EPOCH TIMES

China’s Economic Slowdown Hits Jobs, Wages, and Confidence

From graduates to professionals, many Chinese said layoffs, pay cuts, and uncertainty are reshaping daily life and long-term plans.


Job seekers learn about employment at a job fair in Qingzhou, Shandong Province, China, on Jan. 29, 2023. CFOTO/Future Publishing via Getty Images

Michael Zhuang
4/4/2026|Updated: 4/5/2026


As China’s economic slowdown deepens, workers across the country say opportunities are disappearing, incomes are shrinking, and confidence in the future is fading—pushing many toward gig work or plans to leave the country altogether.

From coastal cities to inland provinces, interviews with residents describe a broad downturn marked by business closures, layoffs, and a weakening private sector. While official messaging continues to project resilience, many say their daily reality tells a different story.

Those interviewed spoke to The Epoch Times on condition of anonymity or by surname only, out of fear of reprisal.

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READ MORE: https://www.theepochtimes.com/china/chinas-economic-slowdown-hits-jobs-wages-and-confidence-6008010?ea_src=frontpage&ea_med=section-2

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