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May 14, 2012

China targets increasing Managers, Professionals and skilled workers from 120 million to 180 million

China Daily - China had 120 million managerial, professional and skilled workers at the end of 2010, up by 7.8 million from 2008. They accounted for 11.1 percent of the country's labor force, according to statistics released on Monday.

Among the talent pool are nearly 30 million business management personnel, 55.5 million technical professionals, 28.6 million highly skilled personnel and around 10.5 million rural staff with practical skills.

The investment in human capital was equivalent to 12 percent of GDP in 2010.

Such investment includes spending in education, health, and research and development, according to the latest figures.

One-eighth of the working-age population has received higher education, up from less than one in 10 in 2008.

China plans to enlarge its talent pool to 180 million by 2020, which would account for 16 percent of the labor force, according to the country's talent development plan for 2010-2020.

The plan also forecasts that one-fifth of its population of working age would have received higher education by that time.





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