There are signs that ongoing trade tensions are putting some pressure on China’s job market — despite Beijing’s efforts to emphasize the negative impact of tariffs on the U.S.
According to China’s top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.
“Due to (the) impact from the continued increase of China-U.S. economic trade frictions and other uncertainties, recruitment demand for university graduates is tightening in internet, finance and other industries,” according to a statement to CNBC from a spokesperson for the National Development and Reform Commission (NDRC).
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