No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, February 8, 2026
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
7 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
Verizon CEO admits to and apologized for huge pricing mistake

Verizon CEO admits to and apologized for huge pricing mistake

by TheAdviserMagazine
February 8, 2026
0

The wireless industry does not traditionally have a great reputation when it comes to being transparent. That was the basis...

edit post
Wiz CEO buys Rishpon plot for NIS 40m

Wiz CEO buys Rishpon plot for NIS 40m

by TheAdviserMagazine
February 8, 2026
0

Israeli cybersecurity company cofounder and CEO Assaf Rappaport has purchased a plot of land on Moshav Rishpon for NIS...

edit post
The Super Bowl was made for TV and instant replay was made for visual AI. Here’s how it could be better and what it would look like

The Super Bowl was made for TV and instant replay was made for visual AI. Here’s how it could be better and what it would look like

by TheAdviserMagazine
February 8, 2026
0

With Super Bowl LIX quickly approaching, we’ve witnessed 60 years of technological advances on the football field and probably haven’t...

edit post
In the AI era, Mark Cuban, Mary Barra, and even Sam Altman have one tip for Gen Z: go analog

In the AI era, Mark Cuban, Mary Barra, and even Sam Altman have one tip for Gen Z: go analog

by TheAdviserMagazine
February 8, 2026
0

From how we work and learn to how we consume entertainment, artificial intelligence has become nearly inescapable in daily life....

edit post
Blavatnik picks Patrick Drahi as partner in Reshet 13

Blavatnik picks Patrick Drahi as partner in Reshet 13

by TheAdviserMagazine
February 8, 2026
0

Len Blavatnik’s Access announced officially this morning that the offer to buy IsraeIi television channel Reshet 13 by Patrick...

edit post
US trade deal framework to boost investor confidence, strength capital flows, deepen markets: BSE chief

US trade deal framework to boost investor confidence, strength capital flows, deepen markets: BSE chief

by TheAdviserMagazine
February 8, 2026
0

The successful conclusion of an interim trade framework agreement between India and the US will boost investor confidence, strengthen the...

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
Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a 8 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a $348 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

January 10, 2026
edit post
Utility Shutoff Policies Are Changing in Several Midwestern States

Utility Shutoff Policies Are Changing in Several Midwestern States

January 9, 2026
edit post
Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

February 3, 2026
edit post
Tennessee theater professor reinstated, with 0,000 settlement, after losing his job over a Charlie Kirk-related social media post

Tennessee theater professor reinstated, with $500,000 settlement, after losing his job over a Charlie Kirk-related social media post

January 8, 2026
edit post
Key Nevada legislator says lawmakers will push for independent audit of altered public record in Nevada OSHA’s Boring Company inspection 

Key Nevada legislator says lawmakers will push for independent audit of altered public record in Nevada OSHA’s Boring Company inspection 

February 4, 2026
edit post
Where Is My South Carolina Tax Refund

Where Is My South Carolina Tax Refund

January 30, 2026
edit post
Kid’s 24-Piece Dinnerware Set only .96!

Kid’s 24-Piece Dinnerware Set only $5.96!

0
edit post
People who say thank you to service workers often have these 7 traits that are increasingly becoming rare

People who say thank you to service workers often have these 7 traits that are increasingly becoming rare

0
edit post
1 Stock to Buy, 1 Stock to Sell This Week: Cisco, Moderna

1 Stock to Buy, 1 Stock to Sell This Week: Cisco, Moderna

0
edit post
The State Income Tax Divergence

The State Income Tax Divergence

0
edit post
20 Grocery Store Items That Have Skyrocketed to Record Prices Since 2020

20 Grocery Store Items That Have Skyrocketed to Record Prices Since 2020

0
edit post
Wiz CEO buys Rishpon plot for NIS 40m

Wiz CEO buys Rishpon plot for NIS 40m

0
edit post
People who say thank you to service workers often have these 7 traits that are increasingly becoming rare

People who say thank you to service workers often have these 7 traits that are increasingly becoming rare

February 8, 2026
edit post
Beyond the Regulatory Pivot: Bybit BBU Head Maps ‘Trillion-Dollar’ Institutional Crypto Path

Beyond the Regulatory Pivot: Bybit BBU Head Maps ‘Trillion-Dollar’ Institutional Crypto Path

February 8, 2026
edit post
Verizon CEO admits to and apologized for huge pricing mistake

Verizon CEO admits to and apologized for huge pricing mistake

February 8, 2026
edit post
6 Banking Changes That Make Autopay Riskier

6 Banking Changes That Make Autopay Riskier

February 8, 2026
edit post
Wiz CEO buys Rishpon plot for NIS 40m

Wiz CEO buys Rishpon plot for NIS 40m

February 8, 2026
edit post
The Super Bowl was made for TV and instant replay was made for visual AI. Here’s how it could be better and what it would look like

The Super Bowl was made for TV and instant replay was made for visual AI. Here’s how it could be better and what it would look like

February 8, 2026
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

  • People who say thank you to service workers often have these 7 traits that are increasingly becoming rare
  • Beyond the Regulatory Pivot: Bybit BBU Head Maps ‘Trillion-Dollar’ Institutional Crypto Path
  • Verizon CEO admits to and apologized for huge pricing mistake
  • 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.