China Hiring Still Healthy Despite Quarterly Fall In Planned New Staffing

Planned new hiring by multinationals in China in the fourth quarter is below the third quarter but still at a healthy level, according to a top international requirement firm.Some 64% of companies surveyed by Hudson for its quarterly Hudson Reportexpect to increase their hiring in the fourth quarter, compared with 72% in the third quarter, Mark Carriban, a managing director for Asia said at a presentation at the American Chamber of Commerce in Shanghai today.That compares with only 38% of companies in Hong Kong that plan to increase their hiring in the fourth quarterand 42% in Singapore, Carriban said.Some of the best hiring prospects in China are in the IT and banking industries, he said.Earlier this week, the government reported that Chinas GDP grew by 9.1% in the third quarter, tops among major economies in the world.Looking ahead into 2012, Hudson found that 75% of respondents said their performance would be excellent or good in the next six months.The company surveys about 660 businesses in China for its report, Carriban said. About 85-90% of Hudsons customers are multinational companies, he said.

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