It is the land where job creation is king, but now Alibaba has imposed a hiring freeze in the name of efficiency.
The edict from Jack Ma, group founder and chairman of the group with 34,000 employees, that “this year our entire group’s headcount won’t increase by one person” runs counter to Beijing’s ethos — one which partly explains the zombie steel mills and other industries running on empty across the country.
Since at least 1989, Beijing’s top priority has been to create enough jobs to maintain social stability and head off popular uprisings that could overthrow the authoritarian state.
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