SW China growth and reforms attract laborers
chinadaily.com.cn|Updated: August 20, 2015
Guizhou province is slowly joining China's leading provinces with its net university graduate influx thanks to its economic growth, business reforms and preferential policies, according to the latest survey of Alipay, China's leading third-party online payment solution provider.
Alipay, with HQ in the city of Hangzhou, Zhejiang province, says that the survey is based on graduates of 2,325 universities nationwide over the past five years.
Guizhou's success in attracting labor has also been recognized by some organizations such as the Economist Intelligence Unit, an independent part of The Economist Group, headquartered in London, which, in a July 23 report had Guiyang, the capital of Guizhou province, in first place in the overall ranking, economic growth, and foreign direct investment.
A professor at Guizhou's University of Finance and Economics, Chang Mingming, remarks, "Guizhou's rapid economic growth and enthusiastic business reforms are the reason it ranks at the top in the report."
Its emerging industries, such as electronic information and traditional Chinese medicine, have created many employment opportunities and it has come up with many guidelines and policies to attract professionals in recent years, which include housing subsidiaries, financial aid and education support.
In commenting on reasons for coming here, a chief inspector at a local environmental protection technology company, Lin Song, who got a postgraduate degree in environmental science in Singapore, says, "A lot of my schoolmates have been curious about Guizhou's development and I always tell them to come here if they want to start their own business," then in reference to the business reforms and employment policies, adds, "It is experiencing major industrial reforms and they have all these subsidiaries to attract us. We need a place to start and Guizhou needs us. It's a mutual benefit."