Shanghai offers more than 5,000 postdoctoral positions to stabilize the Chinese economy

July 30, 2022 5:21 p.m. STI

beijing [China]July 30 (ANI): In a bid to stabilize the economy, Shanghai, China’s economic hub, offered vacancies for 5,157 postdoctoral positions with the highest annual salary of up to 7,00,000 yuan, according to a local media report.
The Shanghai Human Resources and Social Security Bureau said on July 26 that openings were offered by 259 postdoctoral programs run by 123 world-renowned companies, top Chinese institutes and universities in the city, the Shanghai Daily reported.
Institutes and universities include Pujiang Laboratory, Shanghai Institute of Technical Physics of Chinese Academy of Sciences, Shanghai Jiao Tong University, Fudan University and COMAC.
In May, Chinese Premier Li Keqiang stressed the importance of implementing economic stabilization policies and supporting market entities to return the situation to the normal track in an unusually harsh warning that comes as COVID restrictions have had a negative impact on the second largest economy.
Keqiang had painted a grim picture of the labor market in the world’s most populous country due to COVID-19 lockdowns. He described the employment situation as “complex and serious”.

He called on all levels of government to prioritize measures to boost jobs and maintain stability, CNN reported.
Positions are offered in key areas included in the city’s future development strategy, such as biomedicine, new materials, chemistry, integrated circuits, artificial intelligence, as well as clinical medicine, biology, materials science and computer science.
Regardless of applicants’ nationality, selected postdoctoral scholars will be paid up to 700,000 yuan per year, while most will be paid between 250,000 and 350,000 yuan, with a median of 300,000 yuan.
At the end of June 2022, according to the Shanghai Daily, there were 7,305 postdoctoral researchers in the city, of which 24% are foreigners, residents of Hong Kong, Macau and Taiwan, and mainland Chinese with a background in foreign.
Every year, China must create millions of new jobs to keep the pace of the economy going. The government has set a target of creating at least 11 million jobs in cities by 2022. (ANI)

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