According to the November data released by the National Bureau of Statistics, China's exports increased by 17%, in dollar terms, China's exports increased by 05%。Compared to October's [minus 6.4%], exports can be said to have improved significantly, and it is also the first positive growth since April 2023. In the current global economic malaise, China has once again created miracles.
Exports are naturally conducive to employment, but why is the domestic Internet full of wails of unemployment, layoffs, and employment pressure?
The reason is simple, because in the first 11 months, China's exports accounted for 59% of mechanical and electrical products, of which mobile phones and automobiles increased significantly;In the same period, labor-intensive products such as plastics, toys, clothing, and shoes accounted for only 17% of total exports.
China's export products have shifted from labor-intensive to high-value-added mechanical and electrical products, especially automobiles, lithium batteries, and solar photovoltaic panels. However, the problem is that the production of mechanical and electrical products is becoming more and more automated, and it is more and more concentrated in larger companies, and the role of stimulating employment is naturally much lower than that of labor-intensive industries.
Therefore, there is no contradiction between the improvement of macro export data at the national level and the high pressure on individual employment in labor-intensive industries at the micro level.