Another offer concerns the role of promoting new energy storage for private companies in Europe.
Liu, who majored in Russian trade and international trade, has already been traveling around the world for several years promoting Chinese-made medical equipment.
11:11
Why China’s youth unemployment rate is high
Why China’s youth unemployment rate is high
According to the Department of Commerce, Chinese-owned overseas companies employed a total of 4.1 million people in 2022, and more than half of them were local companies, not to mention state-owned contractors that employ many Chinese workers overseas. .
“We are busy recruiting branches in the European and American markets. [2024]” said Lei Luo, human resources manager at a Guangdong-based company focused on providing lithium-based battery technology solutions globally.
“We have grown from a few dozen people a few years ago to hundreds of global employees today serving global markets,” she said.
According to a white paper released in August by consulting firm iiMedia, 29.5% of large companies surveyed already have offshore operations, and 19.9% said they were planning to expand overseas.
Among companies that have already invested overseas, 39.4% are medium-sized companies.
Reasons why China is reluctant to implement large-scale economic relief measures
Reasons why China is reluctant to implement large-scale economic relief measures
A survey conducted early last year by Chinese talent and job search provider 51job found that Chinese job seekers are highly interested in working abroad, with more than two-thirds of interviewees working abroad. He said he would have agreed to it if given the opportunity.
Respondents in the Internet, automotive, consumer, and energy industries were particularly interested in positions abroad.
However, those who take on roles abroad face many challenges, including cross-cultural communication and localization of business.
02:39
China’s economy is expected to recover faster than expected in the third quarter
China’s economy is expected to recover faster than expected in the third quarter
Not all overseas work locations are the same. In the 51job survey, 38% of interviewees planned to work in Europe, 16.7% in North America, 15.7% in Japan and South Korea, and 9.3% in Southeast Asia.
Although Russia was not a preferred destination, Mr. Liu was promised good compensation if he accepted the job.
The package offered by the state-owned company includes large social insurance and housing fund contributions, a basic salary of 14,000 yuan (US$1,973), and the company’s Russian team is set to double or even triple this year, so it looks promising. Includes career paths.
“Project bonuses are also expected to be quite generous, given the upcoming large investments in Russia’s infrastructure, including in the Far East,” he said he was told.
Tom Wang, who previously worked as an engineer specializing in North Africa for a Shenzhen-based tech giant, noticed that the salaries and subsidies for these overseas jobs were not as high as before the pandemic.
But working abroad will become an increasingly popular option as many middle-class families need a steady cash flow to pay mortgage installments and family living expenses.
“Competition in these areas will soon become fiercer,” he said.