Market Insights | 2024 Job Search Trends in China
For people in the job market, choosing the right track is crucial if they want to stand out in the fierce competition. Digital transformation is booming in all walks of life, so various industries are slowly starting to change. So which industries are the most popular and which positions are the most-eye catching in 2024?
Artificial Intelligence Industry:
If inquiring about the current most popular industry, artificial intelligence must be at the top of the list. Judging from data reports released by various companies, there is a significant demand for recruitment in artificial intelligence-related industries, and the salaries offered are also notably higher than in other sectors.
According to Shanghai’s “14th Five-Year Plan” industrial talent demand survey report, the city’s demand for application talents in the artificial intelligence industry is as high as 138k – 150k people, ranking first. The average monthly salary for artificial intelligence positions is around 25k CNY. Liepin, a job search website, previously released a report stating that from January to August 2023, the average annual salary offered by companies in the AIGC field was as high as 410k CNY. The annual salary for deep learning, computer vision algorithm, and natural language processing (NLP) positions exceeds 500k. In the industry, it is not uncommon for individuals to earn an annual salary of more than one million CNY.
Double Carbon Industry (new energy, battery raw materials, energy storage)
The energy storage industry is undergoing rapid development, with Sungrow emerging as the industry leader in inverters, energy storage integration, and other domains. However, numerous small companies encounter challenges in the competitive energy storage market, facing financial losses due to market price fluctuations and uncertainties in industry development prospects. Simultaneously, the decreasing cost of battery raw materials impacts the pricing of new energy vehicles, leading automotive companies like Geely and NIO to pursue strategies such as developing self-owned batteries or forming joint ventures to establish factories for supply chain security.
For job seekers, the trend of amalgamating midstream and downstream industries, especially the deep integration of batteries and automobiles, necessitates possessing cross-domain composite knowledge and skills. In summary, despite the challenges faced by the energy storage and new vehicle industries, they also present numerous opportunities. For those interested in entering the industry, the key is to continuously accumulate professional knowledge and practical experience to adapt to this rapidly changing and highly competitive environment.
China’s automotive industry is currently undergoing a transition from traditional fuel vehicles to new energy vehicles. According to data from the China Automobile Association, in 2022, the production and sales of new energy vehicles reached 7.058 million and 6.887 million, respectively, leading the world for eight consecutive years. In 2023, the market share of new energy vehicles reached 36%, with expectations to surpass 40% by 2030.
As vehicles’ sensing and decision-making capabilities advance, there is a growing demand for in-vehicle chips, including sensor chips and computing chips. This demand is particularly prominent in new energy vehicles, where the number of chips used exceeds 1,000, surpassing those in consumer electronics. The automotive semiconductor industry poses high technical thresholds and stringent safety and reliability requirements, presenting challenges to the microchip industry, particularly in terms of talent shortage.
As the biotechnology industry advances, breakthroughs are anticipated in areas such as gene editing and biopharmaceuticals. The expanding global focus on health is driving growth in the pharmaceutical health market, encompassing drug research and development, medical device innovation, and health management services. The emergence of digital healthcare and telemedicine services is creating a demand for digital technologies like information technology, data analytics, and artificial intelligence.
Job seekers can explore diverse opportunities in drug discovery, biotechnology, health technology, and clinical research within this expanding field. Individuals with interdisciplinary and innovative thinking skills will be in high demand to contribute to the overall development of the medical and health sector. In the market, cutting-edge fields such as personalized medicine, gene editing technology, and biopharmaceuticals are poised to bring waves of innovation, offering job seekers ample room for professional development. Overall, the field of medicine and health is evolving into a dynamic job market full of innovative opportunities.
Machine Manufacturing Industry:
Data reveals that in the first half of 2023, job openings in the industrial automation sector within machine manufacturing witnessed a 6.9% year-on-year increase. Among the top 10 positions with the highest proportion of job openings, six are technical roles, specifically electrical engineer, sales engineer, mechanical engineer, mechanical design, quality management/testing, and automation engineers.
As industrial automation and digital transformation continue to advance, job seekers can anticipate more career opportunities in areas such as robotics, CNC machine tools, and other automation equipment. Possessing professional digital skills will be crucial for job seekers to enhance their competitiveness. Additionally, there will be a significant increase in demand for professionals with experience in smart manufacturing and the Internet of Things (IoT).
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