No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 3, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Chinese province says OK for officials to hustle on the side in tepid economy

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 2 mins read
A A
Chinese province says OK for officials to hustle on the side in tepid economy
Share on FacebookShare on TwitterShare on LInkedIn


BEIJING (Reuters) -As China’s sluggish economy pushes local authorities to cut salaries and bonuses, one southern province has told officials they can pursue side jobs, saying it is OK to be a part-time driver, novelist or fitness coach.

As long as there is no conflict of interest, one’s supervisor is aware, and there are no time-management issues, staff of government agencies can deliver food after work, earn royalties from novels, offer gym classes or even sell farm produce, according to the official newspaper of Hunan province.

But officials are not to use public resources to make a quick buck, which would be an abuse of one’s power for personal gain, Hunan Daily said in a post on its social media account this week.

“All this suggests government employees are going to have a hard time,” said a user on Chinese social media.

Financial hardship among Chinese households has risen in recent years as the world’s second-largest economy stumbled from its exit from three years of costly zero-COVID disruptions, with the impact felt even among government staff, once thought to hold unbreakable “iron rice bowl” jobs.

China’s fiscal revenue slowed sharply last year, up just 1.3% compared with a 6.4% jump in 2023, denting government coffers. Revenue from land auctions by local governments to developers slumped 16%, amid a protracted real estate downturn.

A few provincial authorities have cut bonuses and salaries. Some civil servants even say they have not been paid for months. Surviving on savings and borrowings, many are working multiple jobs on the side.

“My friend has hailed a ride and was picked up by a civil servant,” one Chinese social media user said.

Employment is a top priority for policymakers across all sectors. Earlier this week, President Xi Jinping said China must “focus on stabilising employment, enterprises, markets and expectations”.

On Wednesday, Beijing unveiled new measures to stabilise employment including expanded social insurance subsidies and special loans.

(Reporting by Ryan Woo and Qiaoyi Li; Editing by Alexandra Hudson)



Source link

Tags: ChineseeconomyHustleofficialsProvinceSidetepid
ShareTweetShare
Previous Post

Q2 Earnings Preview: Can Corporate Profits Justify S&P 500’s Record-Setting Rally?

Next Post

Motilal Oswal sets the highest-ever target price for Suzlon Energy shares at Rs 82; here’s why

Related Posts

edit post
Why Section 230, social media’s favorite American liability shield, may not protect Big Tech in the AI age

Why Section 230, social media’s favorite American liability shield, may not protect Big Tech in the AI age

by TheAdviserMagazine
October 3, 2025
0

Meta, the parent company of social media apps including Facebook and Instagram, is no stranger to scrutiny over how its...

edit post
Amazon founder Jeff Bezos says AI bubble is real, but so is the technology

Amazon founder Jeff Bezos says AI bubble is real, but so is the technology

by TheAdviserMagazine
October 3, 2025
0

Add Amazon (AMZN) founder Jeff Bezos to the growing list of people calling Wall Street's AI craze a bubble. During...

edit post
Trump gives Hamas Sunday 6 pm deadline to sign peace deal, warns ‘all hell’ will break out

Trump gives Hamas Sunday 6 pm deadline to sign peace deal, warns ‘all hell’ will break out

by TheAdviserMagazine
October 3, 2025
0

U.S. President Donald Trump today gave Hamas a final deadline to accept a proposed peace agreement, saying the group must...

edit post
Mysterious drones that officials can’t explain keep shutting down Europe’s airports: ‘it could be anybody’

Mysterious drones that officials can’t explain keep shutting down Europe’s airports: ‘it could be anybody’

by TheAdviserMagazine
October 3, 2025
0

Munich Airport was temporarily shut down overnight after several drone sightings in the area, the latest mysterious drone overflights in the airspace...

edit post
Exclusive: Supabase raises 0 million at  billion valuation as vibe coding soars

Exclusive: Supabase raises $100 million at $5 billion valuation as vibe coding soars

by TheAdviserMagazine
October 3, 2025
0

The vibe coding movement, as Paul Copplestone figures it, started last December—and we’re already a few eras in.  “So, wave...

edit post
stock picks: Nifty shows positive reversal; experts eye buying opportunities on dips

stock picks: Nifty shows positive reversal; experts eye buying opportunities on dips

by TheAdviserMagazine
October 3, 2025
0

After a volatile start to the week, the Nifty index has shown signs of recovery, trading flat at 24,840 on...

Next Post
edit post
Motilal Oswal sets the highest-ever target price for Suzlon Energy shares at Rs 82; here’s why

Motilal Oswal sets the highest-ever target price for Suzlon Energy shares at Rs 82; here’s why

edit post
Belrise Industries shares rally over 16% in 4 days to hit record high. What’s fueling the surge

Belrise Industries shares rally over 16% in 4 days to hit record high. What’s fueling the surge

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Satoshi’s Secret Map – Banyan Hill Publishing

Satoshi’s Secret Map – Banyan Hill Publishing

0
edit post
Why Section 230, social media’s favorite American liability shield, may not protect Big Tech in the AI age

Why Section 230, social media’s favorite American liability shield, may not protect Big Tech in the AI age

0
edit post
Do I Need to Adjust ESPP Cost Basis from Form 1099-B?

Do I Need to Adjust ESPP Cost Basis from Form 1099-B?

0
edit post
Book Review: The Tax-Smart Donor: Optimize Your Lifetime Giving Plan

Book Review: The Tax-Smart Donor: Optimize Your Lifetime Giving Plan

0
edit post
Mucinex Instasoothe Sore Throat Relief Lozenges, 40-Count only .36 shipped!

Mucinex Instasoothe Sore Throat Relief Lozenges, 40-Count only $2.36 shipped!

0
edit post
How to Turn Your Cybersecurity Into a Business Driver

How to Turn Your Cybersecurity Into a Business Driver

0
edit post
Why Section 230, social media’s favorite American liability shield, may not protect Big Tech in the AI age

Why Section 230, social media’s favorite American liability shield, may not protect Big Tech in the AI age

October 3, 2025
edit post
Mucinex Instasoothe Sore Throat Relief Lozenges, 40-Count only .36 shipped!

Mucinex Instasoothe Sore Throat Relief Lozenges, 40-Count only $2.36 shipped!

October 3, 2025
edit post
Satoshi’s Secret Map – Banyan Hill Publishing

Satoshi’s Secret Map – Banyan Hill Publishing

October 3, 2025
edit post
Amazon founder Jeff Bezos says AI bubble is real, but so is the technology

Amazon founder Jeff Bezos says AI bubble is real, but so is the technology

October 3, 2025
edit post
Jefferson’s War on the Barbary Pirates Is an Unjustified Password for Military Intervention

Jefferson’s War on the Barbary Pirates Is an Unjustified Password for Military Intervention

October 3, 2025
edit post
‘Taxes are part of everything’: Show Me Your Stack

‘Taxes are part of everything’: Show Me Your Stack

October 3, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Why Section 230, social media’s favorite American liability shield, may not protect Big Tech in the AI age
  • Mucinex Instasoothe Sore Throat Relief Lozenges, 40-Count only $2.36 shipped!
  • Satoshi’s Secret Map – Banyan Hill Publishing
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.