China / Internet business boom has helped create more than 10 million jobs

Chinese young people are seriously considering making a living online as the economic slowdown bites China’s more conventional jobs market.

An Internet business boom has helped create more than 10 million jobs in China, which greatly alleviates current employment pressure, according to a new report by the Ministry of Human Resources and Social Security (MHRSS).

The report, the first of its kind by the ministry, showed that young people made up the majority of those involved in Internet entrepreneurship, including online shop owners and employees, as well as practitioners in areas closely related to e-commerce.

“The Internet goes beyond physical restrictions, so our power can be magnified to an enormous scale,” Li Xueling, founder and CEO of Chinese social platform company YY Inc. was quoted as saying by Tuesday’s edition of the People’s Daily.

Choosen excerpts by Job Market Monitor from

via Internet start-ups ease China’s employment pressure — Shanghai Daily | 上海日报 — English Window to China New.

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